Synovus Financial Corp Increases Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Synovus Financial Corp increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 686,623 shares of the company’s stock after buying an additional 36,348 shares during the period. Synovus Financial Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $39,209,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $28,000. Pin Oak Investment Advisors Inc. boosted its position in 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 purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of JEPI opened at $59.33 on Thursday. The company’s fifty day moving average is $58.23 and its two-hundred day moving average is $57.34. The firm has a market cap of $43.72 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.3444 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, February 2nd.

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.