Ergawealth Advisors Inc. Decreases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Ergawealth Advisors Inc. reduced its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,846 shares of the company’s stock after selling 23,606 shares during the period. Ergawealth Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $572,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during 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 during the 3rd quarter valued at $34,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $33,000. Finally, Guerra Advisors Inc purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $40,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 2.1%

Shares of JEPQ opened at $57.10 on Thursday. The firm has a market cap of $35.34 billion, a PE ratio of 32.17 and a beta of 0.83. The firm has a fifty day simple moving average of $57.19 and a two-hundred day simple moving average of $57.87. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $45.67 and a 1-year high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.5586 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 11.7%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

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.