Redditors are Buying These 5 Dividend ETFs in August

3. JPMorgan Equity Premium Income ETF (NYSE:JEPI)

The JPMorgan Equity Premium Income ETF (NYSE:JEPI) invests in dividend stocks that show low volatility and the fund seeks to deliver monthly distributable income. It was founded in 2020 and has delivered a 14.5% return to shareholders since then. The JPMorgan Equity Premium Income ETF (NYSE:JEPI) has 118 stocks in its portfolio and its total assets amount to over $12 billion. Moreover, its 12-month rolling dividend yield came in at 8.7%.

Bristol-Myers Squibb Company (NYSE:BMY) is one of the most prominent holdings of the JPMorgan Equity Premium Income ETF (NYSE:JEPI), making up 1.48% of its portfolio. The company pays a quarterly dividend of $0.54 per share, with a dividend yield of 2.89% as of August 11. It has been raising its dividends for the past 16 years and has a safe payout ratio of 70%.

Over $2.4 billion worth of collective stakes in Bristol-Myers Squibb Company (NYSE:BMY) were held by 70 of the hedge funds tracked by Insider Monkey’s database as of Q1 2022. Two Sigma Advisors was the company’s leading shareholder in Q1, with stakes worth over $318.4 million.

Carillon Tower Advisers mentioned Bristol-Myers Squibb Company (NYSE:BMY) in its Q1 2022 investor letter. Here is what the firm had to say:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Bristol-Myers Squibb (NYSE:BMY), the biopharmaceutical company, entered into accelerated share repurchase agreements.”