JPMorgan Equity Premium Income ETF $JEPI Stake Boosted by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 434,906 shares of the company’s stock after buying an additional 11,404 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 2.6% of Cooper Financial Group’s portfolio, making the stock its 9th largest holding. Cooper Financial Group’s holdings in JPMorgan Equity Premium Income ETF were worth $24,894,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sovereign Financial Group Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 17.8% in the fourth quarter. Sovereign Financial Group Inc. now owns 41,233 shares of the company’s stock valued at $2,360,000 after acquiring an additional 6,241 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 4th quarter. Procyon Advisors LLC now owns 64,690 shares of the company’s stock worth $3,703,000 after purchasing an additional 831 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 90.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock worth $1,542,000 after purchasing an additional 12,790 shares during the period. Orgel Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 19.8% in the 4th quarter. Orgel Wealth Management LLC now owns 7,061 shares of the company’s stock worth $404,000 after purchasing an additional 1,169 shares during the period. Finally, Aventura Private Wealth LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $2,857,000.

JPMorgan Equity Premium Income ETF Trading Down 1.0%

Shares of NYSEARCA JEPI opened at $56.09 on Friday. The stock has a fifty day simple moving average of $58.51 and a two-hundred day simple moving average of $57.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90. The firm has a market cap of $41.34 billion, a price-to-earnings 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. Stockholders of record on Monday, March 2nd were given a dividend of $0.3513 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.