Maridea Wealth Management LLC Increases Holdings in JPMorgan Equity Premium Income ETF $JEPI

Maridea Wealth Management LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 245.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,431 shares of the company’s stock after buying an additional 9,544 shares during the quarter. Maridea Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Scott Capital Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 124.4% in the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after purchasing an additional 68,548 shares during the period. Clearstead Trust LLC boosted its position in JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after buying an additional 59,999 shares during the period. BG Investment Services Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after buying an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of JPMorgan Equity Premium Income ETF by 7.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock valued at $12,256,000 after buying an additional 15,186 shares during the last quarter. Finally, Cascade Wealth Advisors Inc increased its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% in the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after buying an additional 14,899 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.0%

NYSEARCA JEPI opened at $56.09 on Monday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90. The stock has a 50-day moving average of $58.51 and a 200-day moving average of $57.61. The firm has a market cap of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.3513 dividend. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.