Readystate Asset Management LP Makes New $1.46 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Readystate Asset Management LP purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,564 shares of the company’s stock, valued at approximately $1,460,000.

Other hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $25,000. Pin Oak Investment Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Asset Dedication LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $59.20 on Wednesday. The firm has a 50-day moving average of $58.19 and a 200-day moving average of $57.33. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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