Cornerstone Enterprises LLC Grows Holdings in JPMorgan Equity Premium Income ETF $JEPI

Cornerstone Enterprises LLC grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 521,181 shares of the company’s stock after purchasing an additional 22,499 shares during the period. JPMorgan Equity Premium Income ETF makes up about 14.6% of Cornerstone Enterprises LLC’s portfolio, making the stock its 2nd biggest position. Cornerstone Enterprises LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $29,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $25,000. Clarity Asset Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. lifted its stake 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 valued at $28,000 after purchasing an additional 212 shares during the period. Asset Dedication LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $28,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $31,000.

JPMorgan Equity Premium Income ETF Trading Down 0.6%

JEPI opened at $58.24 on Friday. The company has a market cap of $42.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a fifty day simple moving average of $57.90 and a two-hundred day simple moving average of $57.19. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.1%.

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.