JEPI: JPMorgan Equity Premium Income ETF 2024 Dividend Information

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JEPI - Market Position

Ticker Symbol Product Type Asset Class Strategy Payment Frequency Geographic Focus Expense Ratio Sponsor
JEPI ETF Equity Dividend ETF Premium Dividend Income Quarterly Global 0.45% JPMorgan Chase & Co.

JEPI Overview - JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund (ETF) designed to provide investors with exposure to a diversified portfolio of equities while focusing on delivering a premium dividend income. JEPI seeks to track the performance of the JPMorgan Equity Premium Income Index, which is composed of high-dividend-paying U.S. equities.

One of the key strategies of JEPI is to invest in companies that have a history of paying consistent and attractive dividends. This strategy is aimed at generating a steady income stream for investors, making JEPI particularly appealing to income-focused investors seeking dividend yield.

JEPI's portfolio includes a mix of domestic and international equities, providing geographic diversification to mitigate risks associated with specific regions or markets. The fund's holdings typically consist of companies with strong fundamentals and a track record of stable earnings and cash flows.

With a focus on high-dividend-yielding stocks, JEPI aims to provide investors with a competitive total return potential over the long term. Additionally, the fund's quarterly payment frequency adds to its appeal for income-oriented investors looking for regular dividend distributions.

Overall, JEPI offers investors an opportunity to participate in the potential growth of equity markets while emphasizing income generation through dividends, making it a valuable component in a diversified investment portfolio.

While past performance does not guarantee future results, JEPI's focus on high-quality, dividend-paying stocks of larger companies may appeal to investors seeking income that exceeds the average yield of the broader market, along with the potential for long-term growth of principal.

JEPI - Price / Yield

JEPI - Portfolio and Asset Allocation

JEPI Holdings Analysis: JEPI, the JPMorgan Equity Premium Income ETF, maintains a well-diversified portfolio across various sectors. Its top holdings like Microsoft (MSFT), Amazon.Com Inc. (AMZN), and Meta Platforms Inc. (META) represent leading companies in the technology sector, contributing significantly to JEPI's performance.

Portfolio Strengths: JEPI's allocation to technology (19.21%) positions it to benefit from the growth potential of tech giants. Additionally, its exposure to industrials (14.23%) and healthcare (13.77%) sectors adds stability and growth prospects. The ETF's emphasis on strong buy-rated stocks like MSFT and AMZN highlights its focus on quality investments.

Portfolio Weaknesses: While JEPI's allocation strategy diversifies risk, its lower exposure to real estate (2.83%) and basic materials (2.47%) may limit sector-specific opportunities. Investors should also consider the potential impact of economic cycles on sectors like energy (4.07%) and consumer cyclical (11.49%).

Overall Portfolio Outlook: JEPI's well-balanced allocation across sectors provides investors with a blend of growth potential and stability. Its concentration in technology and strong buy-rated stocks reflects a strategic investment approach. However, monitoring sector dynamics and adapting to market changes remain essential for optimizing returns.

Top 10 Holdings

As of April 24, 2024, the top 10 holdings of the JPMorgan Equity Premium Income ETF (JEPI) are:

Name Weight
The Progressive Corporation (PGR) 1.71%
Trane Technologies Plc (TT) 1.67%
Microsoft (MSFT) 1.63%
Amazon.Com, Inc. (AMZN) 1.63%
Meta Platforms, Inc. (META) 1.59%
Mastercard Inc (MA) 1.56%
Intuit Inc. (INTU) 1.51%
Exxon Mobil Corp. (XOM) 1.50%
Visa Inc. (V) 1.46%
ABBV (Abbvie) 1.45%

Asset Allocation

The JPMorgan Equity Premium Income ETF (JEPI) has the following asset allocation as of April 24, 2024:

Sector Weight
Technology 19.21%
Industrials 14.23%
Healthcare 13.77%
Financial 12.72%
Consumer Cyclical 11.49%
Consumer Defensive 9.05%
Utilities 5.11%
Communication Services 5.05%
Energy 4.07%
Real Estate 2.83%
Basic Materials 2.47%

Dividend Yield and Distribution History

Section Details

JEPI Dividend Data

The JPMorgan Equity Premium Income ETF (JEPI) pays quarterly dividends. The most recent ex-dividend date was on March 29, 2024, with a dividend payment of $0.2186 per share on April 05, 2024.

JEPI Dividend Yield

As of April 5, 2024, the 30-day SEC yield for JEPI is 6.82%. This means that for every $100 invested in the fund, investors would receive $6.82 in dividends per year, assuming the yield remains constant.

JEPI Dividend History

JEPI has a history of paying quarterly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund.

JEPI Dividend Growth

JEPI's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed.

JEPI Dividend Stability

JEPI aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks across various sectors. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio.

JEPI - Chart

JEPI - Comparative Analysis

Let's compare JEPI with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Apr 2024)

Investment Focus High-quality, dividend-paying stocks across various sectors Diverse mix of high dividend-paying U.S. stocks High-yielding, large-cap U.S. stocks
Current Yield 6.82% 2.81% 3.02%
Expense Ratio 0.19% 0.35% 0.06%
Investment Strategy Focuses on premium income by investing in dividend-paying stocks Tracks the S&P High Yield Dividend Aristocrats Index Passively tracks the FTSE High Dividend Yield Index
Strengths Lower expense ratio, sector diversification Broad exposure to high dividend-paying U.S. stocks Low expense ratio, broad exposure to high-yield U.S. stocks
Weaknesses Lower current yield compared to SDY, potentially less emphasis on dividend growth Potential for lower returns compared to actively managed funds like JEPI Less diversification than broader dividend ETFs

Dividend History (Last 5 distributions)

Ex-Dividend Date Cash Amount Record Date Pay Date
Apr 01, 2024 $0.35 Apr 02, 2024 Apr 04, 2024
Feb 29, 2024 $0.30 Mar 03, 2024 Mar 06, 2024
Jan 31, 2024 $0.30 Feb 01, 2024 Feb 05, 2024
Dec 27, 2023 $0.43 Dec 28, 2023 Jan 02, 2024
Nov 30, 2023 $0.39 Dec 03, 2023 Dec 05, 2023


Technical Analysis

Additional Information and Risks

The JPMorgan Equity Premium Income ETF (JEPI) offers investors exposure to dividend stocks and ETFs, aiming for incremental income through dividend reinvestment and selling call options. Its focus on dividend yield and the S&P 500 Index provides a pathway to capital appreciation alongside dividend payouts.

However, investors should be aware of certain risks. The expense ratio of 7.57% may impact returns, especially in comparison to fund managers and ETFs with lower ratios. Derivative instruments and equity-linked notes (ELNs) introduce complexities, potentially affecting the dividend payout and fund performance.

While JEPI's investment strategy includes companies that pay dividends and seeks to generate income, the use of call options and derivatives may lead to volatility and capital risk. Investors should monitor dividend history, payout ratio, and payment dates to assess dividend stability.

Despite potential risks, JEPI's exposure to the S&P 500 Total Return Index and equity-linked notes presents opportunities for dividend growth and maximum potential gain, provided investors understand and manage the associated investment risks.