Lido Advisors LLC Buys 106,359 Shares of JPMorgan Equity Premium Income ETF $JEPI

Lido Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 36.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 394,940 shares of the company’s stock after buying an additional 106,359 shares during the period. Lido Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $22,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Scott Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 124.4% in the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after purchasing an additional 68,548 shares during the last quarter. Clearstead Trust LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after purchasing an additional 59,999 shares during the last quarter. BG Investment Services Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 49.1% during the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after purchasing an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of JPMorgan Equity Premium Income ETF by 7.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after purchasing an additional 15,186 shares during the period. Finally, Cascade Wealth Advisors Inc lifted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after purchasing an additional 14,899 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.9%

JEPI opened at $57.59 on Tuesday. The company’s 50 day moving average is $58.61 and its 200 day moving average is $57.61. The company has a market cap of $42.44 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.3513 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.3%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.