Assetmark Inc. Grows Stake in JPMorgan Equity Premium Income ETF $JEPI

Assetmark Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,445 shares of the company’s stock after purchasing an additional 12,854 shares during the period. Assetmark Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $25,000. Pin Oak Investment Advisors Inc. raised its holdings in 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 acquiring an additional 212 shares during the last quarter. Asset Dedication LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.20 on Wednesday. The business’s 50 day moving average price is $58.19 and its 200 day moving average price is $57.33. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.