Raymond James Financial Inc. Raises Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Raymond James Financial Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 23.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,818,537 shares of the company’s stock after buying an additional 720,369 shares during the quarter. Raymond James Financial Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $197,724,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JEPQ. LPL Financial LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 21.7% in the first quarter. LPL Financial LLC now owns 10,851,065 shares of the company’s stock worth $561,868,000 after buying an additional 1,936,707 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 22,135,873 shares of the company’s stock worth $1,146,197,000 after buying an additional 1,879,853 shares during the last quarter. Allworth Financial LP boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 78,192.0% in the first quarter. Allworth Financial LP now owns 1,851,606 shares of the company’s stock worth $93,747,000 after buying an additional 1,849,241 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after buying an additional 1,085,222 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 574.4% in the first quarter. Avantax Advisory Services Inc. now owns 969,244 shares of the company’s stock worth $50,187,000 after buying an additional 825,516 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.0%

Shares of JEPQ stock opened at $55.80 on Monday. The company has a market capitalization of $29.15 billion, a P/E ratio of 32.17 and a beta of -0.84. The business’s 50 day moving average is $54.28 and its two-hundred day moving average is $53.32. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, August 1st were given a dividend of $0.4438 per share. The ex-dividend date was Friday, August 1st. This represents a c) dividend on an annualized basis and a yield of 9.5%.

About JPMorgan Nasdaq Equity Premium Income ETF

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.