JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Position Decreased by Palacios Wealth Management LLC

Palacios Wealth Management LLC cut its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,566 shares of the company’s stock after selling 15,626 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 2.7% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Palacios Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,578,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JEPQ. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third 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. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $33,000. Root Financial Partners LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $34,000. Finally, Guerra Advisors Inc purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $40,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ opened at $58.89 on Thursday. The firm has a market capitalization of $36.66 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $49.49 and a 1-year high of $60.14. The company’s fifty day moving average price is $57.16 and its 200-day moving average price is $57.94.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.