PNC Financial Services Group Inc. Raises Stock Position in JPMorgan Equity Premium Income ETF $JEPI

PNC Financial Services Group Inc. boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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. owned approximately 0.24% of JPMorgan Equity Premium Income ETF worth $109,377,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JSF Financial LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 54.1% in the first quarter. JSF Financial LLC now owns 68,183 shares of the company’s stock worth $3,865,000 after acquiring an additional 23,923 shares during the period. Balefire LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 25.3% in the first quarter. Balefire LLC now owns 6,355 shares of the company’s stock valued at $360,000 after acquiring an additional 1,284 shares during the period. Parallel Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 16.2% in the first quarter. Parallel Advisors LLC now owns 67,590 shares of the company’s stock valued at $3,831,000 after acquiring an additional 9,407 shares during the period. Resolute Wealth Strategies LLC boosted its position in JPMorgan Equity Premium Income ETF by 1.9% in the first quarter. Resolute Wealth Strategies LLC now owns 14,190 shares of the company’s stock worth $804,000 after purchasing an additional 262 shares during the last quarter. Finally, Decker Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter worth about $7,240,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

JPMorgan Equity Premium Income ETF stock opened at $56.65 on Thursday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company has a market cap of $45.20 billion, a P/E ratio of 23.93 and a beta of 0.54. The business has a 50-day simple moving average of $56.19 and a two-hundred day simple moving average of $57.25.

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.