PNC Financial Services Group Inc. Increases Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

PNC Financial Services Group Inc. increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 945,759 shares of the company’s stock after acquiring an additional 72,546 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $56,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $28,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $38,000. Centerpoint Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at about $43,000. Finally, Brown Lisle Cummings Inc. grew its stake in JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after purchasing an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.46 on Thursday. JPMorgan Equity Premium Income ETF has a one year low of $54.27 and a one year high of $60.20. The firm has a market cap of $34.89 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm has a 50-day simple moving average of $59.31 and a two-hundred day simple moving average of $57.77.

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.