JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Stock Position Raised by PVG Asset Management Corp

PVG Asset Management Corp grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1,041.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,472 shares of the company’s stock after acquiring an additional 46,964 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 6.4% of PVG Asset Management Corp’s portfolio, making the stock its 2nd largest holding. PVG Asset Management Corp’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,992,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $27,000. Hantz Financial Services Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $34,000. Archer Investment Corp purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $58.93 on Wednesday. The company has a market cap of $36.80 billion, a P/E ratio of 32.17 and a beta of 0.83. The stock’s fifty day moving average price is $57.28 and its two-hundred day moving average price is $57.99. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $50.47 and a 1 year high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were given a $0.5586 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. The ex-dividend date was Wednesday, April 1st.

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.