First Commonwealth Financial Corp PA Reduces Position in JPMorgan Equity Premium Income ETF $JEPI

First Commonwealth Financial Corp PA decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 70.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,490 shares of the company’s stock after selling 32,754 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in JPMorgan Equity Premium Income ETF were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the period. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $31,000. Finally, Logan Capital Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the third quarter worth $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $57.70 on Wednesday. The company has a market cap of $42.52 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90. The business has a fifty day moving average of $58.60 and a two-hundred day moving average of $57.61.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.3513 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

JPMorgan Equity Premium Income ETF Company 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.