Park Avenue Securities LLC Has $11.95 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Park Avenue Securities LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 157.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 205,600 shares of the company’s stock after acquiring an additional 125,789 shares during the period. Park Avenue Securities LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $11,949,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $2,069,000. Sheets Smith Wealth Management raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 77.2% in the third quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock valued at $6,846,000 after buying an additional 51,871 shares during the period. FAS Wealth Partners Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the third quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock valued at $3,871,000 after buying an additional 39,412 shares during the last quarter. High Net Worth Advisory Group LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 25.4% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock valued at $6,021,000 after purchasing an additional 21,219 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 142.8% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock valued at $1,072,000 after purchasing an additional 10,963 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $55.76 on Friday. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The company has a 50-day simple moving average of $58.09 and a 200 day simple moving average of $57.92. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.509 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

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.