Belpointe Asset Management LLC Cuts Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Belpointe Asset Management LLC lowered its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 44.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,369 shares of the company’s stock after selling 44,230 shares during the quarter. Belpointe Asset Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,127,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $26,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $33,000. Root Financial Partners LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $34,000. Asset Dedication LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock valued at $40,000 after buying an additional 404 shares during the last quarter. Finally, AllSquare Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ opened at $59.81 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.89. The business has a 50-day moving average of $58.55 and a 200 day moving average of $57.25. The firm has a market cap of $34.03 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, January 5th. Investors of record on Wednesday, December 31st were paid a dividend of $0.5761 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Wednesday, December 31st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

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.