Gladstone Institutional Advisory LLC Trims Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Gladstone Institutional Advisory LLC decreased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,450 shares of the company’s stock after selling 18,607 shares during the period. Gladstone Institutional Advisory LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,296,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $26,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at about $33,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at about $35,000. Asset Dedication LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during the second quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after purchasing an additional 404 shares during the last quarter. Finally, AllSquare Wealth Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% in the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after purchasing an additional 300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $58.44 on Tuesday. The firm has a market capitalization of $32.53 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $59.42. The business’s 50-day moving average price is $58.34 and its 200-day moving average price is $56.69.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.5761 per share. This represents a c) annualized dividend and a dividend yield of 11.8%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, December 31st.

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.