SevenBridge Financial Group LLC Has $1.28 Million Position in JPMorgan Equity Premium Income ETF $JEPI

SevenBridge Financial Group LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,275 shares of the company’s stock after selling 13,330 shares during the quarter. SevenBridge Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,276,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $28,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000. Finally, VSM Wealth Advisory LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $57.96 on Thursday. The stock has a market capitalization of $42.71 billion, a P/E ratio of 23.93 and a beta of 0.60. The business has a 50-day moving average of $58.61 and a 200-day moving average of $57.60. 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 company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.3513 dividend. This represents a c) annualized dividend 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.

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.