SHP Wealth Management Invests $8.02 Million in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

SHP Wealth Management bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 137,958 shares of the company’s stock, valued at approximately $8,018,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 0.6% of SHP Wealth Management’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $33,000. Cerity Partners LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after buying an additional 20,946 shares during the period. Diversify Advisory Services LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after buying an additional 2,045 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the second quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after buying an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $61.34 on Friday. The company has a market capitalization of $38.79 billion, a P/E ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $52.56 and a 12 month high of $61.51. The stock has a 50 day moving average of $59.60 and a 200-day moving average of $58.51.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 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.