MAI Capital Management Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

MAI Capital Management raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 511,503 shares of the company’s stock after acquiring an additional 72,759 shares during the period. MAI Capital Management owned about 0.07% of JPMorgan Equity Premium Income ETF worth $29,207,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 valued at $538,622,000 after buying an additional 493,639 shares during the period. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in JPMorgan Equity Premium Income ETF by 0.8% in the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after acquiring an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in JPMorgan Equity Premium Income ETF by 1.4% during the 2nd 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 period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $59.45 on Wednesday. The firm’s 50-day moving average price is $58.36 and its 200-day moving average price is $57.44. The company has a market capitalization of $43.81 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.3444 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, February 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.