Citigroup Inc. Buys 55,789 Shares of JPMorgan Equity Premium Income ETF $JEPI

Citigroup Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,301 shares of the company’s stock after purchasing an additional 55,789 shares during the quarter. Citigroup Inc. owned approximately 0.05% of JPMorgan Equity Premium Income ETF worth $21,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JEPI. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after acquiring an additional 493,639 shares during the last quarter. Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares during the last quarter. Nationwide Fund Advisors increased its holdings in JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after purchasing an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in JPMorgan Equity Premium Income ETF by 1.4% in the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after purchasing an additional 85,326 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

Shares of JEPI stock opened at $59.59 on Friday. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The business’s 50-day moving average price is $58.45 and its 200-day moving average price is $57.47. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

About JPMorgan Equity Premium Income ETF

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.