Pinnacle Associates Ltd. Grows Holdings in JPMorgan Equity Premium Income ETF $JEPI

Pinnacle Associates Ltd. raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 694,836 shares of the company’s stock after purchasing an additional 11,061 shares during the quarter. Pinnacle Associates Ltd. owned 0.10% of JPMorgan Equity Premium Income ETF worth $39,675,000 at the end of the most recent reporting period.

Other large 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 in the 2nd quarter worth about $25,000. Pin Oak Investment Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the period. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $28,000. BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $31,000. Finally, VSM Wealth Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.09 on Friday. The company has a market capitalization of $42.81 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a 50 day moving average price of $58.59 and a 200-day moving average price of $57.58. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.3513 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.