Westbourne Investments Inc. Buys 13,185 Shares of JPMorgan Equity Premium Income ETF $JEPI

Westbourne Investments Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,630 shares of the company’s stock after buying an additional 13,185 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.3% of Westbourne Investments Inc.’s investment portfolio, making the stock its 25th biggest position. Westbourne Investments Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,715,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of JEPI. Stratos Investment Management LLC raised its position in JPMorgan Equity Premium Income ETF by 20.9% in the third quarter. Stratos Investment Management LLC now owns 633,320 shares of the company’s stock valued at $36,163,000 after purchasing an additional 109,290 shares during the last quarter. Midwest Trust Co increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Midwest Trust Co now owns 413,805 shares of the company’s stock valued at $23,628,000 after buying an additional 8,911 shares during the period. First National Trust Co bought a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $231,000. Wealthfront Advisers LLC boosted its position in JPMorgan Equity Premium Income ETF by 10.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 198,467 shares of the company’s stock worth $11,332,000 after buying an additional 19,133 shares during the period. Finally, Edgemoor Investment Advisors Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 6.0% during the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 151,636 shares of the company’s stock worth $8,658,000 after acquiring an additional 8,552 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.21 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.73. The company has a market capitalization of $43.64 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a fifty day moving average price of $58.00 and a 200-day moving average price of $57.24.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued 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 7.0%.

JPMorgan Equity Premium Income ETF Company 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.