BTS Asset Management Inc. Raises Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

BTS Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 117.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,016 shares of the company’s stock after purchasing an additional 11,357 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 1.5% of BTS Asset Management Inc.’s investment portfolio, making the stock its 4th largest position. BTS Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JEPI. Hamilton Capital LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $72,373,000. Bank of New York Mellon Corp raised its position in JPMorgan Equity Premium Income ETF by 191.5% during the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after purchasing an additional 1,122,256 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after purchasing an additional 859,879 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 602.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock valued at $54,358,000 after purchasing an additional 820,010 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.83 on Wednesday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.90. The stock has a market capitalization of $43.36 billion, a P/E ratio of 23.93 and a beta of 0.60. The stock has a fifty day moving average of $58.55 and a 200-day moving average of $57.55.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a $0.3513 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend is Monday, March 2nd.

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.