PNC Financial Services Group Inc. Raises Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PNC Financial Services Group Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,775 shares of the company’s stock after buying an additional 31,261 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $20,561,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after buying an additional 351 shares during the last quarter. Navalign LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $33,000. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $33,000. Finally, Root Financial Partners LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2%

Shares of JEPQ opened at $60.21 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $51.71 and a 52 week high of $60.32. The company has a market capitalization of $38.08 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The stock’s 50-day moving average price is $57.88 and its 200-day moving average price is $58.16.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%.

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.