JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Verus Capital Partners LLC

Verus Capital Partners LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,474 shares of the company’s stock after buying an additional 19,503 shares during the quarter. Verus Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $402,000. AQR Capital Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter worth about $847,000. Ignite Planners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 1.4% in the second quarter. Ignite Planners LLC now owns 60,910 shares of the company’s stock valued at $3,470,000 after buying an additional 843 shares during the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $3,093,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

Shares of JEPI opened at $59.49 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.72. The firm has a market cap of $43.84 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a 50 day moving average of $58.29 and a 200-day moving average of $57.40.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.3444 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

About JPMorgan Equity Premium Income ETF

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.