Citigroup Inc. Purchases 55,789 Shares of JPMorgan Equity Premium Income ETF $JEPI

Citigroup Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 375,301 shares of the company’s stock after purchasing an additional 55,789 shares during the quarter. Citigroup Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $21,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOS Asset Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after buying an additional 178 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 9.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after acquiring an additional 183 shares during the period. Bessemer Group Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 0.9% during the 3rd quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock worth $1,159,000 after purchasing an additional 185 shares in the last quarter. Comprehensive Money Management Services LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 3.6% in the third quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock worth $310,000 after buying an additional 188 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 3.7% in the 3rd quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock valued at $304,000 after purchasing an additional 189 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.59 on Friday. The firm has a 50 day simple moving average of $58.45 and a two-hundred day simple moving average of $57.47. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.72. The stock has a market cap of $43.92 billion, a PE ratio of 23.93 and a beta of 0.60.

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 issued a dividend of $0.3444 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, February 2nd.

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.