JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Stratos Investment Management LLC

Stratos Investment Management LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 633,320 shares of the company’s stock after purchasing an additional 109,290 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 1.5% of Stratos Investment Management LLC’s portfolio, making the stock its 19th biggest position. Stratos Investment Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $36,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clarity Asset Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $25,000. GHP Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Asset Dedication LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $28,000. Pin Oak Investment Advisors Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.21 on Wednesday. The company has a 50 day moving average price of $58.00 and a 200 day moving average price of $57.24. The firm has a market capitalization of $43.64 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 $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently declared 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 of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.