Mutual Advisors LLC Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mutual Advisors LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 27.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,361 shares of the company’s stock after buying an additional 19,625 shares during the period. Mutual Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth $26,000. 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. 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. Asset Dedication LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after buying an additional 404 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $44,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ opened at $59.43 on Monday. The company’s 50-day simple moving average is $58.75 and its two-hundred day simple moving average is $57.36. The stock has a market capitalization of $34.04 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be given a dividend of $0.4657 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 9.4%.

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.