JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Position Reduced by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC decreased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 40.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,865 shares of the company’s stock after selling 339,484 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up 5.1% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 5th largest position. Lebenthal Global Advisors LLC owned 0.09% of JPMorgan Nasdaq Equity Premium Income ETF worth $29,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after purchasing an additional 7,027,261 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after buying an additional 1,533,280 shares during the period. Raymond James Financial Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock worth $212,896,000 after buying an additional 94,985 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the second quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock valued at $195,284,000 after acquiring an additional 329,963 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.43 on Friday. The stock has a market cap of $33.99 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The firm’s 50-day moving average is $58.75 and its two-hundred day moving average is $57.34. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors 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 is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) annualized dividend and a yield of 11.6%.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.