Allworth Financial LP Purchases 24,716 Shares of JPMorgan Equity Premium Income ETF $JEPI

Allworth Financial LP increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,168,644 shares of the company’s stock after acquiring an additional 24,716 shares during the quarter. Allworth Financial LP’s holdings in JPMorgan Equity Premium Income ETF were worth $66,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JEPI. IFP Advisors Inc lifted its holdings in JPMorgan Equity Premium Income ETF by 11.2% during the third quarter. IFP Advisors Inc now owns 81,723 shares of the company’s stock valued at $4,666,000 after purchasing an additional 8,247 shares during the last quarter. Stillwater Wealth Management Group purchased a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $215,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $1,402,000. Alexander Labrunerie & CO. Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $220,000. Finally, Newport Capital Group LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 1.6% in the third quarter. Newport Capital Group LLC now owns 34,885 shares of the company’s stock valued at $1,992,000 after purchasing an additional 542 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.6%

Shares of JEPI stock opened at $56.77 on Thursday. The firm’s 50 day moving average is $58.58 and its 200 day moving average is $57.61. The stock has a market capitalization of $41.84 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month 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 dividend of $0.3513 per share. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, March 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.