Claro Advisors LLC Boosts Stake in JPMorgan Equity Premium Income ETF $JEPI

Claro Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 87,294 shares of the company’s stock after buying an additional 20,883 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.7% of Claro Advisors LLC’s holdings, making the stock its 28th largest holding. Claro Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,984,000 at the end of the most recent quarter.

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

JPMorgan Equity Premium Income ETF Stock Down 0.9%

Shares of NYSEARCA JEPI opened at $58.83 on Wednesday. The firm has a market cap of $43.36 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90. The business’s 50 day moving average is $58.55 and its two-hundred day moving average is $57.55.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a $0.3513 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.