Mechanics Bank Trust Department Sells 262,918 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department decreased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 63.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,277 shares of the company’s stock after selling 262,918 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up about 1.2% of Mechanics Bank Trust Department’s holdings, making the stock its 22nd biggest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tucker Asset Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.2% during the second quarter. Tucker Asset Management LLC now owns 63,336 shares of the company’s stock valued at $3,893,000 after buying an additional 10,642 shares during the period. NewEdge Advisors LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.3% during the second quarter. NewEdge Advisors LLC now owns 632,916 shares of the company’s stock valued at $38,899,000 after buying an additional 79,116 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 254,749 shares of the company’s stock worth $15,657,000 after buying an additional 10,487 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.9% in the second quarter. Concurrent Investment Advisors LLC now owns 156,440 shares of the company’s stock worth $9,615,000 after buying an additional 49,921 shares during the period. Finally, IVC Wealth Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.4% in the first quarter. IVC Wealth Advisors LLC now owns 151,495 shares of the company’s stock worth $8,411,000 after buying an additional 16,743 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.0%

Shares of NASDAQ JEPQ traded down $0.01 during midday trading on Tuesday, reaching $60.92. The company had a trading volume of 3,960,548 shares, compared to its average volume of 6,547,668. The stock has a market cap of $44.50 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $53.51 and a one year high of $61.72. The firm’s fifty day moving average price is $60.19 and its 200-day moving average price is $59.43.

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.