Traynor Capital Management Inc. Has $18.47 Million Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Traynor Capital Management Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,764 shares of the company’s stock after purchasing an additional 46,178 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.0% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. Traynor Capital Management Inc. owned 0.06% of JPMorgan Nasdaq Equity Premium Income ETF worth $18,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $26,000. Logan Capital Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $33,000. Finally, Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $56.35 on Thursday. The business’s fifty day moving average is $57.92 and its two-hundred day moving average is $57.95. The firm has a market cap of $32.52 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a $0.5761 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend was Wednesday, December 31st.

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.