CENTRAL TRUST Co Has $10.36 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

CENTRAL TRUST Co boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,485 shares of the company’s stock after purchasing an additional 17,301 shares during the period. CENTRAL TRUST Co’s holdings in JPMorgan Equity Premium Income ETF were worth $10,363,000 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 stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. Clarity Asset Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 212 shares in the last quarter. Asset Dedication LLC bought 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 bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.01 on Friday. The company has a 50 day simple moving average of $58.07 and a 200 day simple moving average of $57.26. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The firm has a market cap of $43.49 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.3444 per share. This represents a c) dividend on an annualized basis 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.