Belpointe Asset Management LLC Has $5.36 Million Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Belpointe Asset Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 18.0% in the second quarter, Holdings Channel reports. The institutional investor owned 98,599 shares of the company’s stock after buying an additional 15,023 shares during the quarter. Belpointe Asset Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 86,131,764 shares of the company’s stock valued at $4,615,759,000 after purchasing an additional 86,045,601 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 22,135,873 shares of the company’s stock worth $1,146,197,000 after purchasing an additional 1,879,853 shares during the period. LPL Financial LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 21.7% during the first quarter. LPL Financial LLC now owns 10,851,065 shares of the company’s stock valued at $561,868,000 after buying an additional 1,936,707 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 23.3% in the first quarter. Raymond James Financial Inc. now owns 3,818,537 shares of the company’s stock valued at $197,724,000 after buying an additional 720,369 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,382,816 shares of the company’s stock valued at $175,162,000 after buying an additional 141,724 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.0%

Shares of JEPQ opened at $57.28 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $58.54. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84. The stock’s 50-day moving average price is $55.98 and its 200 day moving average price is $53.50.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were paid a $0.4461 dividend. The ex-dividend date was Wednesday, October 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

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.