Marmo Financial Group LLC Buys New Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Marmo Financial Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,608 shares of the company’s stock, valued at approximately $617,000. JPMorgan Nasdaq Equity Premium Income ETF makes up about 0.3% of Marmo Financial Group LLC’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the period. Rakuten Investment Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $58,197,000. Ameriprise Financial Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock worth $74,596,000 after purchasing an additional 398,695 shares during the last quarter. Finally, SageGuard Financial Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $21,290,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

JEPQ stock opened at $59.40 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $51.07 and a 12-month high of $60.14. The business’s 50-day moving average is $57.38 and its 200 day moving average is $58.05. The stock has a market cap of $37.57 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were given a dividend of $0.591 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Friday, May 1st.

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.