Level Four Advisory Services LLC Has $4.53 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Level Four Advisory Services LLC grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 79,270 shares of the company’s stock after acquiring an additional 18,296 shares during the period. Level Four Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of JEPI. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 73.6% in the second 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. Asset Dedication LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $28,000. Finally, BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $31,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $58.83 on Wednesday. The business has a fifty day simple moving average of $58.55 and a 200 day simple moving average of $57.55. The company has a market capitalization of $43.36 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company 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 dividend of $0.3513 per share. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. 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.