Campbell Deegan Wealth Management LLC Purchases 16,034 Shares of JPMorgan Equity Premium Income ETF $JEPI

Campbell Deegan Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,388 shares of the company’s stock after acquiring an additional 16,034 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 4.5% of Campbell Deegan Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Campbell Deegan Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,990,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Hurley Capital LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the third quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock worth $519,000 after purchasing an additional 177 shares in the last quarter. BOS Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.5% during the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock worth $298,000 after acquiring an additional 178 shares during the period. First Horizon Advisors Inc. raised its stake in shares of 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 worth $126,000 after buying an additional 183 shares in the last quarter. Bessemer Group Inc. raised its position in JPMorgan Equity Premium Income ETF by 0.9% in the third quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock worth $1,159,000 after acquiring an additional 185 shares in the last quarter. Finally, Comprehensive Money Management Services LLC lifted its stake in shares of 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 valued at $310,000 after purchasing an additional 188 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $58.62 on Friday. The business has a 50 day moving average price of $58.58 and a 200 day moving average price of $57.57. The company has a market capitalization of $43.20 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.3513 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.