Thrivent Financial for Lutherans Boosts Holdings in JPMorgan Equity Premium Income ETF $JEPI

Thrivent Financial for Lutherans raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 300.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,541 shares of the company’s stock after acquiring an additional 123,429 shares during the quarter. Thrivent Financial for Lutherans’ holdings in JPMorgan Equity Premium Income ETF were worth $9,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JEPI. Bank of America Corp DE increased its holdings in 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 worth $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares during the period. Nationwide Fund Advisors raised its position in shares of JPMorgan Equity Premium Income ETF by 0.8% in the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after purchasing an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.4% during the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after buying an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.6%

JPMorgan Equity Premium Income ETF stock opened at $58.24 on Friday. The firm has a 50 day simple moving average of $57.90 and a 200 day simple moving average of $57.19. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.1%.

About JPMorgan Equity Premium Income ETF

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.