Envestnet Portfolio Solutions Inc. Has $4.02 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Envestnet Portfolio Solutions Inc. cut its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 18.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,801 shares of the company’s stock after selling 16,168 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,015,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after purchasing an additional 7,027,261 shares during the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after acquiring an additional 1,533,280 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $58,197,000. Ameriprise Financial Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after acquiring an additional 496,258 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% in the second quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock worth $24,591,000 after purchasing an additional 442,025 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.3%

JEPQ stock opened at $59.22 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $59.42. The firm has a market cap of $33.67 billion, a PE ratio of 32.17 and a beta of 0.83. The business’s 50-day moving average price is $58.44 and its two-hundred day moving average price is $57.18.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a $0.5761 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) dividend on an annualized basis and a yield of 11.7%.

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.