AE Wealth Management LLC Buys 61,360 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

AE Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 188.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,835 shares of the company’s stock after acquiring an additional 61,360 shares during the period. AE Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $27,000. Hantz Financial Services Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Root Financial Partners LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $34,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $33,000. Finally, Guerra Advisors Inc purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $40,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $58.66 on Monday. The firm has a market capitalization of $36.45 billion, a P/E ratio of 32.17 and a beta of 0.83. The business has a fifty day simple moving average of $57.14 and a 200 day simple moving average of $57.92. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $47.14 and a 12 month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared 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 yield of 11.4%. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

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.