Orion Porfolio Solutions LLC Raises Holdings in JPMorgan Equity Premium Income ETF $JEPI

Orion Porfolio Solutions LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% in the third quarter, Holdings Channel reports. The firm owned 453,512 shares of the company’s stock after buying an additional 50,530 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $25,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hamilton Capital LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $72,373,000. Bank of New York Mellon Corp boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 191.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after acquiring an additional 1,122,256 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after acquiring an additional 859,879 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of JPMorgan Equity Premium Income ETF by 602.3% during the second quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock valued at $54,358,000 after purchasing an additional 820,010 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 valued at $1,897,209,000 after purchasing an additional 690,960 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA:JEPI opened at $59.08 on Thursday. The company has a market cap of $43.54 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a 50 day simple moving average of $58.57 and a two-hundred day simple moving average of $57.56. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month 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. Shareholders of record on Monday, March 2nd were issued a $0.3513 dividend. 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 7.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.