KERR FINANCIAL PLANNING Corp Buys Shares of 24,688 JPMorgan Equity Premium Income ETF $JEPI

KERR FINANCIAL PLANNING Corp bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,688 shares of the company’s stock, valued at approximately $1,402,000. JPMorgan Equity Premium Income ETF accounts for about 1.9% of KERR FINANCIAL PLANNING Corp’s holdings, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake in 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 worth $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. grew its stake 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 acquiring an additional 493,639 shares in the last quarter. Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 2.8% during the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after acquiring an additional 201,202 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after purchasing an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in 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 $57.70 on Wednesday. The firm has a market capitalization of $42.52 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The company has a 50 day simple moving average of $58.60 and a 200-day simple moving average of $57.61. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.3513 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. 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.