Finivi Inc. Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Finivi Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,157 shares of the company’s stock, valued at approximately $1,230,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Benchmark Financial LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $415,000. Emissary Wealth LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $1,002,000. TD Waterhouse Canada Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 14,058 shares of the company’s stock worth $817,000 after acquiring an additional 338 shares in the last quarter. Semus Wealth Partners LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.2% in the fourth quarter. Semus Wealth Partners LLC now owns 78,467 shares of the company’s stock worth $4,561,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.4% in the fourth quarter. Belpointe Asset Management LLC now owns 71,414 shares of the company’s stock worth $4,151,000 after acquiring an additional 17,045 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock opened at $58.67 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.14 and a 1-year high of $60.14. The business has a fifty day moving average price of $57.14 and a 200-day moving average price of $57.93. The stock has a market capitalization of $36.45 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

JPMorgan Nasdaq Equity Premium Income ETF Company 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.