JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Stock: New Wave Wealth Advisors LLC Trims Position

New Wave Wealth Advisors LLC decreased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 88.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,839 shares of the company’s stock after selling 169,395 shares during the period. New Wave Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Tucker Asset Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.2% in the 2nd quarter. Tucker Asset Management LLC now owns 63,336 shares of the company’s stock valued at $3,893,000 after purchasing an additional 10,642 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.3% in the 2nd quarter. NewEdge Advisors LLC now owns 632,916 shares of the company’s stock valued at $38,899,000 after purchasing an additional 79,116 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 254,749 shares of the company’s stock worth $15,657,000 after buying an additional 10,487 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 46.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 156,440 shares of the company’s stock worth $9,615,000 after buying an additional 49,921 shares during the last quarter. Finally, IVC Wealth Advisors LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 12.4% during the first quarter. IVC Wealth Advisors LLC now owns 151,495 shares of the company’s stock worth $8,411,000 after buying an additional 16,743 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.2%

JEPQ traded up $0.73 during trading on Monday, hitting $59.55. 3,720,675 shares of the stock were exchanged, compared to its average volume of 6,550,527. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72. The stock has a fifty day moving average price of $60.23 and a two-hundred day moving average price of $59.57. The firm has a market capitalization of $43.58 billion, a P/E ratio of 32.17 and a beta of 0.82.

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.