JPMorgan Nasdaq Equity Premium Income ETF $JEPQ is PVG Asset Management Corp’s Largest Position

PVG Asset Management Corp raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 444.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 280,457 shares of the company’s stock after acquiring an additional 228,985 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 12.1% of PVG Asset Management Corp’s portfolio, making the stock its largest holding. PVG Asset Management Corp’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $17,158,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd 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 last quarter. Morgan Stanley increased its holdings 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 worth $1,308,157,000 after purchasing an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. increased its holdings 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 worth $111,739,000 after purchasing an additional 1,231,809 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after buying an additional 589,696 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock worth $255,748,000 after buying an additional 517,693 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $58.25 on Monday. The firm has a market cap of $39.68 billion, a PE ratio of 32.17 and a beta of 0.81. The stock has a 50 day moving average of $59.74 and a 200 day moving average of $58.65. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date was Wednesday, July 1st.

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.