NewEdge Advisors LLC Buys 42,440 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

NewEdge Advisors LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 553,800 shares of the company’s stock after buying an additional 42,440 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $30,747,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JEPQ. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $33,000. Cerity Partners LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% during the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock worth $2,091,000 after purchasing an additional 20,946 shares during the period. Diversify Advisory Services LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after purchasing an additional 2,045 shares during the period. Diversify Wealth Management LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,566 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7%

JEPQ opened at $59.74 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72. The business’s fifty day simple moving average is $59.59 and its 200-day simple moving average is $58.67. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.705 per share. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date was Monday, August 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64.

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.