Independent Wealth Network Inc. Makes New $240,000 Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Independent Wealth Network Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,408 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ELCO Management Co. LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% during the 1st quarter. ELCO Management Co. LLC now owns 6,300 shares of the company’s stock worth $326,000 after acquiring an additional 200 shares during the last quarter. WealthShield Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the 1st quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock worth $448,000 after acquiring an additional 207 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the 1st quarter. Interchange Capital Partners LLC now owns 5,878 shares of the company’s stock worth $304,000 after acquiring an additional 232 shares during the last quarter. Institute for Wealth Management LLC. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.3% during the 1st quarter. Institute for Wealth Management LLC. now owns 10,502 shares of the company’s stock worth $544,000 after acquiring an additional 234 shares during the last quarter. Finally, Investment Planning Advisors Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.7% during the 1st quarter. Investment Planning Advisors Inc. now owns 34,282 shares of the company’s stock worth $1,775,000 after acquiring an additional 239 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $57.25 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $58.54. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84. The company’s 50 day moving average price is $55.74 and its two-hundred day moving average price is $53.32.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, September 2nd were paid a $0.442 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Tuesday, September 2nd.

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.