Crescent Grove Advisors LLC Invests $2.47 Million in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Crescent Grove Advisors LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,439 shares of the company’s stock, valued at approximately $2,467,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Logan Capital Management Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Sankala Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $28,000. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $33,000. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.3%

JEPQ stock opened at $58.51 on Friday. The firm’s 50-day moving average is $60.08 and its two-hundred day moving average is $58.69. The company has a market capitalization of $39.05 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

About JPMorgan Nasdaq Equity Premium Income ETF

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.