Jones Financial Companies Lllp Buys 581,218 Shares of JPMorgan Equity Premium Income ETF $JEPI

Jones Financial Companies Lllp grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,027,327 shares of the company’s stock after purchasing an additional 581,218 shares during the period. Jones Financial Companies Lllp owned approximately 0.28% of JPMorgan Equity Premium Income ETF worth $115,436,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $396,998,000. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 17.4% during 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. Hamilton Capital LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $72,373,000. Bank of New York Mellon Corp increased its holdings in JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after purchasing an additional 1,122,256 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 42.1% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after purchasing an additional 859,879 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $58.56 on Monday. The firm has a market capitalization of $43.03 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company’s fifty day moving average is $57.82 and its two-hundred day moving average is $57.16.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid a $0.3444 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is 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.