QP Wealth Management LLC Purchases Shares of 30,017 JPMorgan Equity Premium Income ETF $JEPI

QP Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,017 shares of the company’s stock, valued at approximately $1,718,000. JPMorgan Equity Premium Income ETF accounts for about 1.5% of QP Wealth Management LLC’s holdings, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $402,000. AQR Capital Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $847,000. Schnieders Capital Management LLC. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $3,093,000. Finally, FineMark National Bank & Trust increased its stake in JPMorgan Equity Premium Income ETF by 20.6% in the 2nd quarter. FineMark National Bank & Trust now owns 7,224 shares of the company’s stock worth $411,000 after buying an additional 1,234 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.0%

Shares of NYSEARCA:JEPI opened at $56.09 on Friday. The business’s 50 day moving average is $58.51 and its 200 day moving average is $57.59. The stock has a market cap of $41.34 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.3513 per share. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.