PNC Financial Services Group Inc. Increases Holdings in JPMorgan Equity Premium Income ETF $JEPI

PNC Financial Services Group Inc. increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,459,624 shares of the company’s stock after acquiring an additional 132,811 shares during the period. PNC Financial Services Group Inc. owned approximately 0.20% of JPMorgan Equity Premium Income ETF worth $83,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $25,000. Pin Oak Investment Advisors Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 73.6% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $31,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.31 on Monday. The company’s 50 day simple moving average is $58.10 and its 200-day simple moving average is $57.28. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The firm has a market capitalization of $43.71 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.0%.

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.