Power Wealth Management LLC Acquires 12,475 Shares of JPMorgan Equity Premium Income ETF $JEPI

Power Wealth Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 185,842 shares of the company’s stock after purchasing an additional 12,475 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 3.9% of Power Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Power Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JEPI. Diversify Wealth Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 1.5% in the third quarter. Diversify Wealth Management LLC now owns 52,777 shares of the company’s stock worth $2,976,000 after acquiring an additional 767 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 11.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 313,164 shares of the company’s stock worth $17,882,000 after purchasing an additional 31,268 shares during the period. Choreo LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 47.7% in the 3rd quarter. Choreo LLC now owns 286,245 shares of the company’s stock worth $16,345,000 after purchasing an additional 92,436 shares during the last quarter. Pinnacle Wealth Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 48.6% during the 3rd quarter. Pinnacle Wealth Management LLC now owns 164,100 shares of the company’s stock valued at $9,370,000 after purchasing an additional 53,706 shares during the period. Finally, AlphaCore Capital LLC boosted its position in JPMorgan Equity Premium Income ETF by 20.5% during the 3rd quarter. AlphaCore Capital LLC now owns 74,057 shares of the company’s stock valued at $4,229,000 after purchasing an additional 12,594 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

JEPI stock opened at $59.88 on Friday. The firm’s 50-day simple moving average is $58.50 and its 200 day simple moving average is $57.50. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90. The stock has a market cap of $44.13 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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