AlphaCore Capital LLC Acquires 12,594 Shares of JPMorgan Equity Premium Income ETF $JEPI

AlphaCore Capital LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,057 shares of the company’s stock after buying an additional 12,594 shares during the quarter. AlphaCore Capital LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JEPI. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 73.6% in the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $59.51 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.72. The stock has a market capitalization of $43.86 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a fifty day moving average of $58.41 and a 200-day moving average of $57.46.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.9%.

JPMorgan Equity Premium Income ETF Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.