JPMorgan Equity Premium Income ETF $JEPI Stake Lifted by Sulzberger Capital Advisors Inc.

Sulzberger Capital Advisors Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,066 shares of the company’s stock after acquiring an additional 16,603 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 4.1% of Sulzberger Capital Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Sulzberger Capital Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $4,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after acquiring an additional 493,639 shares in the last quarter. Raymond James Financial Inc. lifted its position in JPMorgan Equity Premium Income ETF by 2.8% in the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after acquiring an additional 201,202 shares during the last quarter. Nationwide Fund Advisors lifted its position in 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 acquiring an additional 55,467 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 1.4% in the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after acquiring an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.09 on Friday. The stock’s 50-day moving average is $58.51 and its two-hundred day moving average is $57.59. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90. The firm has a market cap of $41.34 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.5%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

JPMorgan Equity Premium Income ETF 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.