Wealth Advisors of Iowa LLC Has $35.97 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Wealth Advisors of Iowa LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 618,962 shares of the company’s stock after purchasing an additional 21,516 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 11.8% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its largest holding. Wealth Advisors of Iowa LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $35,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPQ. Triton Wealth Management PLLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5.2% in the fourth quarter. Triton Wealth Management PLLC now owns 7,518 shares of the company’s stock worth $440,000 after purchasing an additional 370 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. Meridian Financial Partners LLC now owns 12,078 shares of the company’s stock worth $708,000 after purchasing an additional 476 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 152,844 shares of the company’s stock worth $8,883,000 after purchasing an additional 9,344 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 14.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 104,613 shares of the company’s stock worth $6,080,000 after purchasing an additional 12,983 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.7% in the fourth quarter. Allworth Financial LP now owns 2,042,274 shares of the company’s stock worth $118,697,000 after purchasing an additional 53,294 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

JEPQ opened at $60.01 on Friday. The stock has a fifty day simple moving average of $57.60 and a two-hundred day simple moving average of $58.12. The company has a market cap of $37.95 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $51.71 and a 12-month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were issued a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 11.8%.

About JPMorgan Nasdaq Equity Premium Income ETF

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.