JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Stake Boosted by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1,738.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,500 shares of the company’s stock after buying an additional 135,693 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,254,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JEPQ. Clarity Wealth Advisors LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.6% during the second quarter. Clarity Wealth Advisors LLC now owns 38,912 shares of the company’s stock worth $2,117,000 after buying an additional 3,727 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $2,069,000. Sheets Smith Wealth Management increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 77.2% during the 3rd quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock valued at $6,846,000 after acquiring an additional 51,871 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 142.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock valued at $1,072,000 after acquiring an additional 10,963 shares in the last quarter. Finally, FAS Wealth Partners Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the 3rd quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock worth $3,871,000 after purchasing an additional 39,412 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.43 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $60.14. The stock has a 50 day moving average price of $58.75 and a two-hundred day moving average price of $57.32. The stock has a market capitalization of $33.99 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.5761 dividend. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date was Wednesday, December 31st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

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.