Focus Partners Wealth Boosts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Focus Partners Wealth increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 848,093 shares of the company’s stock after acquiring an additional 67,490 shares during the period. Focus Partners Wealth’s holdings in JPMorgan Equity Premium Income ETF were worth $48,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JEPI. Elevation Point Wealth Partners LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth $1,162,000. Community Bank N.A. raised its position in JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Community Bank N.A. now owns 177,255 shares of the company’s stock valued at $10,119,000 after purchasing an additional 1,388 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in JPMorgan Equity Premium Income ETF by 10.0% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 87,293 shares of the company’s stock valued at $4,984,000 after purchasing an additional 7,965 shares in the last quarter. Argyle Capital Partners LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 12.0% in the 3rd quarter. Argyle Capital Partners LLC now owns 18,259 shares of the company’s stock valued at $1,043,000 after buying an additional 1,951 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 12.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 70,787 shares of the company’s stock valued at $4,042,000 after buying an additional 7,771 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.59 on Tuesday. The business has a 50-day simple moving average of $58.61 and a 200-day simple moving average of $57.61. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90. The company has a market cap of $42.44 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3513 per share. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.3%.

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.