Cornerstone Wealth Management LLC Has $8.25 Million Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Cornerstone Wealth Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1,738.1% during the third quarter, HoldingsChannel reports. The firm owned 143,500 shares of the company’s stock after purchasing an additional 135,693 shares during the period. Cornerstone Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,254,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after buying an additional 7,027,261 shares during the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in 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 last quarter. Raymond James Financial Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the second quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock worth $212,896,000 after acquiring an additional 94,985 shares during the period. Ameriprise Financial Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after purchasing an additional 496,258 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock valued at $195,284,000 after purchasing an additional 329,963 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $59.43 on Friday. The firm’s 50-day moving average is $58.75 and its 200-day moving average is $57.32. The company has a market cap of $33.99 billion, a price-to-earnings 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 Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were issued a $0.5761 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 11.6%.

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.