US Bancorp DE Acquires 8,517 Shares of JPMorgan Equity Premium Income ETF $JEPI

US Bancorp DE lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.2% during the 3rd quarter, Holdings Channel reports. The firm owned 35,845 shares of the company’s stock after purchasing an additional 8,517 shares during the period. US Bancorp DE’s holdings in JPMorgan Equity Premium Income ETF were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Scott Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 124.4% in the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock valued at $7,037,000 after buying an additional 68,548 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares during the period. BG Investment Services Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 49.1% in the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after purchasing an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in JPMorgan Equity Premium Income ETF by 7.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after buying an additional 15,186 shares during the last quarter. Finally, Cambridge Advisors Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 8.8% in the third quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock valued at $10,706,000 after buying an additional 15,195 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.08 on Thursday. The stock’s 50 day simple moving average is $58.57 and its 200 day simple moving average is $57.56. The company has a market cap of $43.54 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.3513 per share. This represents a c) annualized dividend and a yield of 7.1%. 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.

About JPMorgan Equity Premium Income ETF

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.