SteelPeak Wealth LLC Lowers Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

SteelPeak Wealth LLC trimmed its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,342 shares of the company’s stock after selling 17,286 shares during the quarter. SteelPeak Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at approximately $485,000. EP Wealth Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 27.7% in the first quarter. EP Wealth Advisors LLC now owns 34,172 shares of the company’s stock worth $1,769,000 after acquiring an additional 7,411 shares in the last quarter. Pacific Center for Financial Services raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 78.0% in the first quarter. Pacific Center for Financial Services now owns 10,193 shares of the company’s stock worth $528,000 after acquiring an additional 4,468 shares in the last quarter. Redwood Financial Network Corp lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 85.3% in the first quarter. Redwood Financial Network Corp now owns 11,584 shares of the company’s stock valued at $600,000 after acquiring an additional 5,332 shares during the period. Finally, Tiptree Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.8% during the 1st quarter. Tiptree Advisors LLC now owns 129,350 shares of the company’s stock worth $6,698,000 after purchasing an additional 40,000 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1%

NASDAQ:JEPQ opened at $58.09 on Friday. The firm’s fifty day simple moving average is $58.35 and its 200-day simple moving average is $56.59. The stock has a market cap of $31.37 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st will be issued a $0.5761 dividend. This represents a c) dividend on an annualized basis and a yield of 11.9%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st.

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.