Koshinski Asset Management Inc. Increases Holdings in JPMorgan Equity Premium Income ETF $JEPI

Koshinski Asset Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,545 shares of the company’s stock after purchasing an additional 18,116 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 0.7% of Koshinski Asset Management Inc.’s holdings, making the stock its 25th largest holding. Koshinski Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $9,453,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JEPI. Clarity Asset Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised 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 worth $28,000 after purchasing an additional 212 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth $31,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA:JEPI opened at $59.49 on Friday. The company has a 50-day moving average price of $58.29 and a 200-day moving average price of $57.39. The stock has a market cap of $43.84 billion, a price-to-earnings 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 $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.9%.

JPMorgan Equity Premium Income ETF Company 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.