Park Avenue Securities LLC Reduces Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Park Avenue Securities LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 70.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,735 shares of the company’s stock after selling 134,830 shares during the quarter. Park Avenue Securities LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEPI. Hurley Capital LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.0% during the third quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock worth $519,000 after buying an additional 177 shares in the last quarter. BOS Asset Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 3.5% in the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after buying an additional 178 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 0.9% during the third quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock valued at $1,159,000 after buying an additional 185 shares during the period. Comprehensive Money Management Services LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3.6% during the third quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock valued at $310,000 after buying an additional 188 shares during the period. Finally, Global Financial Private Client LLC boosted its position in JPMorgan Equity Premium Income ETF by 3.7% during the third quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock worth $304,000 after acquiring an additional 189 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.09 on Monday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90. The company has a market capitalization of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60. The stock has a fifty day moving average of $58.51 and a two-hundred day moving average of $57.61.

JPMorgan Equity Premium Income ETF Increases Dividend

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

JPMorgan Equity Premium Income ETF Company 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.