JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,007,112 shares of the company’s stock after selling 1,156,022 shares during the period. JPMorgan Chase & Co. owned 0.05% of JPMorgan Nasdaq Equity Premium Income ETF worth $1,610,969,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $26,000. Hantz Financial Services Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 351 shares in the last quarter. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at about $33,000. Root Financial Partners LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $34,000. Finally, Asset Dedication LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the second quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after acquiring an additional 404 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1%

Shares of NASDAQ JEPQ opened at $57.51 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $60.14. The firm has a 50-day moving average of $58.66 and a two-hundred day moving average of $57.60. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.4657 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Monday, February 2nd.

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.