Kingswood Wealth Advisors LLC Raises Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Kingswood Wealth Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 120.3% in the 4th quarter, HoldingsChannel reports. The fund owned 204,496 shares of the company’s stock after purchasing an additional 111,653 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 0.6% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 29th biggest holding. Kingswood Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $11,885,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in JEPQ. Bank of America Corp DE grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the period. Rakuten Investment Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $58,197,000. Ameriprise Financial Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after acquiring an additional 748,170 shares during the period. Jones Financial Companies Lllp grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 44.1% in the third quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock worth $74,596,000 after acquiring an additional 398,695 shares during the period. Finally, SageGuard Financial Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $21,290,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $58.64 on Wednesday. The firm has a market capitalization of $36.50 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $48.13 and a fifty-two week high of $60.14. The stock has a 50 day moving average of $57.15 and a 200 day moving average of $57.94.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 6th. Shareholders 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 yield of 11.4%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. The ex-dividend date was Wednesday, April 1st.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.