Integrated Financial Solutions Inc. Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Integrated Financial Solutions Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,162 shares of the company’s stock, valued at approximately $3,022,000. JPMorgan Equity Premium Income ETF accounts for approximately 2.4% of Integrated Financial Solutions Inc.’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clarity Asset Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $25,000. Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $28,000. Pin Oak Investment Advisors Inc. grew its position in JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $59.88 on Friday. The business has a 50 day moving average price of $58.50 and a 200 day moving average price of $57.50. The firm has a market cap of $44.13 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.3444 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%.

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.