JPMorgan Equity Premium Income ETF $JEPI Shares Sold by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 70.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,490 shares of the company’s stock after selling 32,754 shares during the period. First Commonwealth Financial Corp PA’s holdings in JPMorgan Equity Premium Income ETF were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Asset Dedication LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. boosted 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 in the last quarter. BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000. Finally, Logan Capital Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $33,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $57.70 on Wednesday. The company’s fifty day moving average price is $58.60 and its 200 day moving average price is $57.61. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90. The firm has a market capitalization of $42.52 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3513 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 7.3%.

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.