Decker Wealth Management LLC Takes $1.82 Million Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Decker Wealth Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 32,778 shares of the company’s stock, valued at approximately $1,820,000.

A number of other hedge funds also recently modified their holdings of JEPQ. Bank of America Corp DE grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares during the period. Morgan Stanley raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares during the period. Equitable Holdings Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 178.3% in the fourth quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after buying an additional 1,231,809 shares during the period. LPL Financial LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after buying an additional 589,696 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $58.51 on Monday. The stock has a fifty day moving average of $60.08 and a 200-day moving average of $58.69. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 13.1%.

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.