Wealthcare Capital Partners LLC Acquires 8,653 Shares of JPMorgan Equity Premium Income ETF $JEPI

Wealthcare Capital Partners LLC raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,840 shares of the company’s stock after purchasing an additional 8,653 shares during the period. JPMorgan Equity Premium Income ETF makes up about 1.1% of Wealthcare Capital Partners LLC’s portfolio, making the stock its 19th largest holding. Wealthcare Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,332,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JEPI. Scott Capital Advisors LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 124.4% during the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after purchasing an additional 68,548 shares in the last quarter. BG Investment Services Inc. grew its stake in JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after buying an additional 22,670 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in JPMorgan Equity Premium Income ETF by 7.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock valued at $12,256,000 after buying an additional 15,186 shares during the period. Cambridge Advisors Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 8.8% in the 3rd quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock valued at $10,706,000 after buying an additional 15,195 shares in the last quarter. Finally, FAS Wealth Partners Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 3.7% during the 3rd quarter. FAS Wealth Partners Inc. now owns 1,534,530 shares of the company’s stock worth $87,622,000 after acquiring an additional 54,943 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

NYSEARCA JEPI opened at $59.31 on Tuesday. The firm’s 50 day simple moving average is $58.15 and its 200 day simple moving average is $57.30. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

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