PMG Family Office LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PMG Family Office LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 47,078 shares of the company’s stock, valued at approximately $2,708,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for 3.0% of PMG Family Office LLC’s investment portfolio, making the stock its 3rd largest position.

Several other large investors also recently modified their holdings of the business. Allworth Financial LP lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.9% in the 3rd quarter. Allworth Financial LP now owns 1,988,980 shares of the company’s stock worth $114,406,000 after buying an additional 56,814 shares during the period. IFP Advisors Inc increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.9% during the third quarter. IFP Advisors Inc now owns 39,839 shares of the company’s stock valued at $2,291,000 after buying an additional 5,750 shares during the period. Stillwater Wealth Management Group bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $2,633,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $209,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.6% in the third quarter. Cherry Tree Wealth Management LLC now owns 18,068 shares of the company’s stock worth $1,039,000 after acquiring an additional 284 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.3%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.58 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $60.14. The company has a market cap of $33.23 billion, a P/E ratio of 32.17 and a beta of 0.83. The company’s fifty day simple moving average is $58.39 and its two-hundred day simple moving average is $57.87.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.509 dividend. This represents a c) annualized dividend and a yield of 10.6%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. The ex-dividend date was Monday, March 2nd.

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.