NewEdge Advisors LLC Sells 34,731 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

NewEdge Advisors LLC trimmed its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.8% in the 1st quarter, HoldingsChannel reports. The firm owned 476,629 shares of the company’s stock after selling 34,731 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $26,462,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Morgan Stanley increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares during the period. LPL Financial LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after acquiring an additional 589,696 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock worth $770,489,000 after acquiring an additional 1,132,270 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after purchasing an additional 383,927 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after purchasing an additional 517,693 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.9%

NASDAQ JEPQ opened at $56.14 on Thursday. The firm has a market capitalization of $37.94 billion, a PE ratio of 32.17 and a beta of 0.81. The stock’s 50 day moving average is $59.82 and its 200 day moving average is $58.67. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date was Wednesday, July 1st.

JPMorgan Nasdaq Equity Premium Income ETF 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.