Readystate Asset Management LP Invests $1.46 Million in JPMorgan Equity Premium Income ETF $JEPI

Readystate Asset Management LP purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, HoldingsChannel reports. The firm purchased 25,564 shares of the company’s stock, valued at approximately $1,460,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $402,000. AQR Capital Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $847,000. Ignite Planners LLC lifted its position in JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Ignite Planners LLC now owns 60,910 shares of the company’s stock worth $3,470,000 after acquiring 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 worth approximately $3,093,000.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

JPMorgan Equity Premium Income ETF stock opened at $59.20 on Wednesday. The company has a market capitalization 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 12 month low of $49.94 and a 12 month high of $59.73. The stock’s 50 day moving average is $58.19 and its 200-day moving average is $57.33.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.