Kennedy Investment Group Purchases 17,255 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Kennedy Investment Group grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 15.7% in the 3rd quarter, Holdings Channel reports. The fund owned 127,027 shares of the company’s stock after acquiring an additional 17,255 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 2.9% of Kennedy Investment Group’s investment portfolio, making the stock its 7th biggest position. Kennedy Investment Group’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JEPQ. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $26,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $35,000. Asset Dedication LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock valued at $40,000 after purchasing an additional 404 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $44,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.7%

JEPQ stock opened at $58.75 on Thursday. The firm has a 50 day simple moving average of $58.36 and a 200-day simple moving average of $56.93. The company has a market capitalization of $33.16 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.