22,916 Shares in JPMorgan Equity Premium Income ETF $JEPI Acquired by Columbia Bank

Columbia Bank bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, HoldingsChannel reports. The institutional investor bought 22,916 shares of the company’s stock, valued at approximately $1,303,000.

A number of other large investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $25,000. Pin Oak Investment Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

Shares of JEPI opened at $59.01 on Friday. The company has a market cap of $43.49 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.73. The firm’s 50 day moving average price is $58.07 and its 200 day moving average price is $57.26.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.3444 dividend. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Monday, February 2nd.

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.