Mechanics Bank Trust Department Buys 39,641 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 55.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,513 shares of the company’s stock after acquiring an additional 39,641 shares during the period. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,414,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $26,000. Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $33,000. Oliver Lagore Vanvalin Investment Group acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $35,000. Asset Dedication LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during the second quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after buying an additional 404 shares during the last quarter. Finally, AllSquare Wealth Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the second quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after buying an additional 300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1%

NASDAQ:JEPQ opened at $58.09 on Monday. The stock has a market capitalization of $32.33 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $59.42. The firm has a 50 day moving average of $58.35 and a 200-day moving average of $56.65.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st will be paid a $0.5761 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date is Wednesday, December 31st.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.