Foguth Wealth Management LLC. Buys Shares of 197,028 JPMorgan Equity Premium Income ETF $JEPI

Foguth Wealth Management LLC. purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 197,028 shares of the company’s stock, valued at approximately $11,294,000. JPMorgan Equity Premium Income ETF comprises about 1.8% of Foguth Wealth Management LLC.’s holdings, making the stock its 19th largest holding.

Several other large investors also recently made changes to their positions in JEPI. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after acquiring an additional 493,639 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 2.8% in the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after purchasing an additional 201,202 shares during the last quarter. Nationwide Fund Advisors boosted its position in JPMorgan Equity Premium Income ETF by 0.8% during the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after purchasing an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. boosted its position in JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after purchasing an additional 85,326 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.2%

Shares of JEPI stock opened at $56.68 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90. The company has a market cap of $41.77 billion, a PE ratio of 23.93 and a beta of 0.60. The business’s 50 day moving average is $58.56 and its two-hundred day moving average is $57.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.3513 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.4%. This is an increase 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.