Pinnacle Associates Ltd. Grows Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Pinnacle Associates Ltd. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,613 shares of the company’s stock after purchasing an additional 12,983 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,080,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JEPQ. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $33,000. Cerity Partners LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock worth $2,091,000 after acquiring an additional 20,946 shares during the period. Diversify Advisory Services LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after acquiring an additional 2,045 shares during the period. Diversify Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the second quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock worth $1,025,000 after acquiring an additional 2,566 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.4%

Shares of JEPQ stock opened at $59.77 on Friday. The stock has a fifty day moving average of $57.64 and a 200 day moving average of $58.13. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $51.71 and a 52 week high of $60.14. The firm has a market capitalization of $37.80 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were paid a $0.591 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 11.9%.

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.