Envestnet Asset Management Inc. Acquires 493,639 Shares of JPMorgan Equity Premium Income ETF $JEPI

Envestnet Asset Management Inc. increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,432,964 shares of the company’s stock after acquiring an additional 493,639 shares during the period. Envestnet Asset Management Inc. owned approximately 1.32% of JPMorgan Equity Premium Income ETF worth $538,622,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BOS Asset Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 3.5% in the 3rd quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock worth $298,000 after purchasing an additional 178 shares during the period. First Horizon Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 9.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after buying an additional 183 shares during the period. Comprehensive Money Management Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 3.6% in the third quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock worth $310,000 after buying an additional 188 shares during the last quarter. Global Financial Private Client LLC lifted its position in JPMorgan Equity Premium Income ETF by 3.7% in the third quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock worth $304,000 after buying an additional 189 shares during the last quarter. Finally, Blue Chip Partners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 1.2% during the second quarter. Blue Chip Partners LLC now owns 16,355 shares of the company’s stock worth $930,000 after buying an additional 192 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

JEPI stock opened at $58.26 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm’s fifty day simple moving average is $57.87 and its two-hundred day simple moving average is $57.18.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a dividend of $0.3444 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is 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.