JPMorgan Equity Premium Income ETF $JEPI Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,650,864 shares of the company’s stock after purchasing an additional 191,240 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $94,495,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JEPI. Crewe Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after buying an additional 9,514 shares during the period. Cascade Wealth Advisors Inc boosted its position in JPMorgan Equity Premium Income ETF by 5.9% during the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after acquiring an additional 14,899 shares during the period. Clearstead Trust LLC grew its stake in JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after acquiring an additional 59,999 shares in the last quarter. BG Investment Services Inc. grew its stake in JPMorgan Equity Premium Income ETF by 49.1% during the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after acquiring an additional 22,670 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 90.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after purchasing an additional 12,790 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.18 on Thursday. The company has a 50 day simple moving average of $56.86 and a 200-day simple moving average of $57.56. The firm has a market capitalization of $44.51 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52-week low of $55.15 and a 52-week high of $59.90.

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.