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

PNC Financial Services Group Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459,624 shares of the company’s stock after buying an additional 132,811 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $83,345,000 at the end of the most recent quarter.

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

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.31 on Monday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The business has a 50-day moving average of $58.10 and a two-hundred day moving average of $57.28. The stock has a market capitalization of $43.71 billion, a price-to-earnings 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 paid a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis 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.