Ellis Investment Partners LLC Sells 86,679 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Ellis Investment Partners LLC lowered its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 33.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 175,227 shares of the company’s stock after selling 86,679 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 1.8% of Ellis Investment Partners LLC’s holdings, making the stock its 12th biggest holding. Ellis Investment Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $10,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FAS Wealth Partners Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the 3rd quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock valued at $3,871,000 after acquiring an additional 39,412 shares during the last quarter. High Net Worth Advisory Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 25.4% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock worth $6,021,000 after buying an additional 21,219 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 142.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock worth $1,072,000 after buying an additional 10,963 shares in the last quarter. Choreo LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 499.0% in the 3rd quarter. Choreo LLC now owns 59,746 shares of the company’s stock worth $3,437,000 after buying an additional 49,772 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 281.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 46,747 shares of the company’s stock worth $2,689,000 after buying an additional 34,498 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7%

Shares of NASDAQ:JEPQ opened at $58.86 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $51.07 and a 52 week high of $60.14. The stock has a market capitalization of $37.13 billion, a P/E ratio of 32.17 and a beta of 0.83. The firm has a fifty day simple moving average of $57.33 and a two-hundred day simple moving average of $58.02.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st will be paid a $0.591 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Friday, May 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.