JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,187 shares of the company’s stock after buying an additional 29,403 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $17,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JEPI. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $402,000. AQR Capital Management LLC lifted its position in JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after buying an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $847,000. Ignite Planners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Ignite Planners LLC now owns 60,910 shares of the company’s stock worth $3,470,000 after buying an additional 843 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in JPMorgan Equity Premium Income ETF by 5.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 5,531 shares of the company’s stock valued at $314,000 after buying an additional 267 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 1.5%

Shares of JEPI opened at $59.11 on Monday. The stock has a fifty day simple moving average of $57.92 and a two-hundred day simple moving average of $57.21. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.73. The company has a market capitalization of $43.56 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.