JPMorgan Equity Premium Income ETF $JEPI is Power Wealth Management LLC’s 8th Largest Position

Power Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,842 shares of the company’s stock after buying an additional 12,475 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 3.9% of Power Wealth Management LLC’s holdings, making the stock its 8th largest position. Power Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Scott Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 124.4% during the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after acquiring an additional 68,548 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares during the period. BG Investment Services Inc. boosted its holdings in shares of 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 purchasing an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of JPMorgan Equity Premium Income ETF by 7.6% in the third 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 purchasing an additional 15,186 shares during the period. Finally, Cambridge Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 8.8% in the third quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock valued at $10,706,000 after purchasing an additional 15,195 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

Shares of NYSEARCA:JEPI opened at $59.88 on Friday. The stock’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $57.50. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.3444 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.