Wealth Effects LLC Grows Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Wealth Effects LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 39.0% during the fourth quarter, HoldingsChannel reports. The firm owned 33,593 shares of the company’s stock after purchasing an additional 9,429 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 0.6% of Wealth Effects LLC’s holdings, making the stock its 29th biggest holding. Wealth Effects LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,952,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at about $27,000. Hantz Financial Services Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at about $33,000. Root Financial Partners LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at about $34,000. Finally, Guerra Advisors Inc bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at about $40,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

Shares of NASDAQ:JEPQ opened at $58.48 on Thursday. The stock’s 50-day moving average price is $57.09 and its 200-day moving average price is $57.90. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.14 and a 12-month high of $60.14. The stock has a market capitalization of $36.33 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.5586 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, April 1st.

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.