PNC Financial Services Group Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,929,732 shares of the company’s stock after purchasing an additional 278,868 shares during the period. PNC Financial Services Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $109,377,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after buying an additional 261,872 shares in the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the period. Raymond James Financial Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares in the last quarter. Nationwide Fund Advisors raised its stake in JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after acquiring an additional 51,190 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in JPMorgan Equity Premium Income ETF by 7.2% during the fourth quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock valued at $316,581,000 after purchasing an additional 370,330 shares in the last quarter.
JPMorgan Equity Premium Income ETF Price Performance
JEPI opened at $56.65 on Thursday. The company has a 50 day simple moving average of $56.19 and a two-hundred day simple moving average of $57.25. The firm has a market cap of $45.20 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year 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.
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