NewEdge Advisors LLC Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

NewEdge Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 553,800 shares of the company’s stock after acquiring an additional 42,440 shares during the period. NewEdge Advisors LLC owned approximately 0.09% of JPMorgan Nasdaq Equity Premium Income ETF worth $30,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $27,000. Sankala Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $28,000. Navalign LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $33,000. Russell Investments Group Ltd. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $33,000. Finally, Archer Investment Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ opened at $59.74 on Friday. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The stock’s 50 day moving average price is $59.59 and its 200-day moving average price is $58.67. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $53.51 and a one year high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were issued a dividend of $0.705 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date was Monday, August 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64.

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.