Sowell Financial Services LLC Sells 39,354 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Sowell Financial Services LLC trimmed its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 60.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,244 shares of the company’s stock after selling 39,354 shares during the quarter. Sowell Financial Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,467,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $33,000. Marshall Wace LLP bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $14,765,000. Cresset Asset Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.1% in the 2nd quarter. Cresset Asset Management LLC now owns 48,796 shares of the company’s stock valued at $2,655,000 after acquiring an additional 546 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after acquiring an additional 20,946 shares during the last quarter. Finally, Sentinus LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $384,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $55.92 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $45.15 and a 1-year high of $60.14. The stock has a 50-day moving average of $57.25 and a 200-day moving average of $57.87. The firm has a market cap of $34.61 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a dividend of $0.5586 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 12.0%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

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.