Diversify Wealth Management LLC Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Diversify Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 72.1% during the first quarter, Holdings Channel reports. The institutional investor owned 32,317 shares of the company’s stock after buying an additional 13,537 shares during the period. Diversify Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,907,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ opened at $60.19 on Wednesday. The firm’s fifty day moving average price is $60.09 and its 200 day moving average price is $58.69. The company has a market capitalization of $40.20 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

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.