GC Wealth Management RIA LLC Cuts Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

GC Wealth Management RIA LLC reduced its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 73.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,055 shares of the company’s stock after selling 48,391 shares during the period. GC Wealth Management RIA LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $947,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JEPQ. D.A. Davidson & CO. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after purchasing an additional 13,200 shares in the last quarter. Ethos Capital Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $1,105,000. Clear Creek Financial Management LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock valued at $1,631,000 after purchasing an additional 9,340 shares in the last quarter. Sunpointe LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% in the 4th quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock valued at $4,122,000 after purchasing an additional 10,901 shares in the last quarter. Finally, James Reed Financial Services Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the 4th quarter. James Reed Financial Services Inc. now owns 439,846 shares of the company’s stock valued at $25,564,000 after buying an additional 26,869 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ opened at $57.96 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The stock has a market capitalization of $39.11 billion, a PE ratio of 32.17 and a beta of 0.81. The stock has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $58.71.

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 issued a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 13.2%.

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.