Northwestern Mutual Wealth Management Co. Lowers Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Northwestern Mutual Wealth Management Co. trimmed its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 86.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,254 shares of the company’s stock after selling 283,957 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 5.8% in the 3rd quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock valued at $678,061,000 after buying an additional 651,461 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% during the 3rd quarter. Raymond James Financial Inc. now owns 3,930,950 shares of the company’s stock worth $226,108,000 after purchasing an additional 17,428 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,574,422 shares of the company’s stock worth $205,601,000 after purchasing an additional 68,347 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the 4th quarter. UBS Group AG now owns 3,423,625 shares of the company’s stock worth $198,981,000 after purchasing an additional 29,163 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $60.21 on Tuesday. The firm has a market capitalization of $38.08 billion, a P/E ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $51.71 and a one year high of $60.32. The company’s fifty day moving average is $57.95 and its two-hundred day moving average is $58.17.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

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

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.