Moloney Securities Asset Management LLC Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Moloney Securities Asset Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 186.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 126,256 shares of the company’s stock after buying an additional 82,200 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 0.9% of Moloney Securities Asset Management LLC’s portfolio, making the stock its 26th largest position. Moloney Securities Asset Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,262,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JEPQ. JPMorgan Chase & Co. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after buying an additional 7,027,261 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $58,197,000. Ameriprise Financial Inc. raised its position in 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 purchasing an additional 496,258 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% in the 2nd quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock valued at $24,591,000 after purchasing an additional 442,025 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $58.05 on Friday. The business’s 50 day moving average price is $58.74 and its 200-day moving average price is $57.44. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $60.14. The company has a market cap of $33.50 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.4657 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 9.6%.

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.