Sheets Smith Wealth Management Has $1.63 Million Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Sheets Smith Wealth Management lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 58.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,401 shares of the company’s stock after acquiring an additional 11,521 shares during the period. Sheets Smith Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,626,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after acquiring an additional 2,805,860 shares during the period. LPL Financial LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after acquiring an additional 860,019 shares during the period. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock valued at $445,968,000 after acquiring an additional 1,085,222 shares during the period. Wells Fargo & Company MN raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after acquiring an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after acquiring an additional 8,393 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $53.22 on Tuesday. The company has a market capitalization of $24.86 billion, a P/E ratio of 30.29 and a beta of -0.84. The company’s 50 day moving average price is $51.76 and its two-hundred day moving average price is $54.02. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.6207 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 annualized dividend and a yield of 14.00%. The ex-dividend date was Monday, June 2nd.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.