JPMorgan Equity Premium Income ETF $JEPI Shares Purchased by Midwest Trust Co

Midwest Trust Co increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 413,805 shares of the company’s stock after acquiring an additional 8,911 shares during the quarter. Midwest Trust Co’s holdings in JPMorgan Equity Premium Income ETF were worth $23,628,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $25,000. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.06 on Tuesday. The firm has a market cap of $43.53 billion, a PE ratio of 23.93 and a beta of 0.60. The firm’s 50 day moving average price is $57.96 and its 200-day moving average price is $57.22. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.