Maridea Wealth Management LLC Boosts Stake in JPMorgan Equity Premium Income ETF $JEPI

Maridea Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 245.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,431 shares of the company’s stock after acquiring an additional 9,544 shares during the quarter. Maridea Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $769,000 at the end of the most recent reporting period.

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

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.09 on Monday. The company’s fifty day moving average price is $58.51 and its 200-day moving average price is $57.61. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.3513 dividend. This is a boost 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%. 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.