Wealthcare Capital Partners LLC Has $2.33 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Wealthcare Capital Partners LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.9% in the third quarter, Holdings Channel reports. The fund owned 40,840 shares of the company’s stock after purchasing an additional 8,653 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 1.1% of Wealthcare Capital Partners LLC’s investment portfolio, making the stock its 19th largest holding. Wealthcare Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $25,000. Asset Dedication LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% during 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 in the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

JPMorgan Equity Premium Income ETF stock opened at $59.31 on Tuesday. The company has a market capitalization of $43.71 billion, a PE 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 $59.73. The stock has a 50-day moving average price of $58.15 and a two-hundred day moving average price of $57.30.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders 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 yield of 7.0%. The ex-dividend date of this dividend 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.