Aventura Private Wealth LLC Invests $2.86 Million in JPMorgan Equity Premium Income ETF $JEPI

Aventura Private Wealth LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 49,917 shares of the company’s stock, valued at approximately $2,857,000. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Aventura Private Wealth LLC’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clarity Asset Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth $25,000. Asset Dedication LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC raised its position in JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.09 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90. The stock has a 50 day simple moving average of $58.51 and a 200 day simple moving average of $57.59. The firm has a market capitalization of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.3513 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.