Cornerstone Wealth Management LLC Has $8.88 Million Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Cornerstone Wealth Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 152,844 shares of the company’s stock after buying an additional 9,344 shares during the period. Cornerstone Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in JEPQ. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $33,000. Cerity Partners LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% during the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after purchasing an additional 20,946 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after purchasing an additional 2,045 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $60.01 on Friday. The business has a fifty day simple moving average of $57.60 and a two-hundred day simple moving average of $58.12. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $51.71 and a 1 year high of $60.14. The company has a market capitalization of $37.95 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were given a dividend of $0.591 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 11.8%.

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.