Investment Partners Asset Management Inc. Purchases Shares of 54,324 JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Investment Partners Asset Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 54,324 shares of the company’s stock, valued at approximately $3,157,000. JPMorgan Nasdaq Equity Premium Income ETF comprises 2.0% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $26,000. Logan Capital Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares during the period. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $33,000. Finally, Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $55.52 on Wednesday. The stock has a market cap of $32.04 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $60.14. The stock has a 50 day simple moving average of $57.60 and a two-hundred day simple moving average of $57.92.

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.