JPMorgan Nasdaq Equity Premium Income ETF $JEPQ is James Reed Financial Services Inc.’s 3rd Largest Position

James Reed Financial Services Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 439,846 shares of the company’s stock after acquiring an additional 26,869 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises 20.5% of James Reed Financial Services Inc.’s holdings, making the stock its 3rd biggest holding. James Reed Financial Services Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $25,564,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $33,000. Choreo LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.6% during the 2nd quarter. Choreo LLC now owns 9,974 shares of the company’s stock valued at $543,000 after purchasing an additional 1,039 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 71.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 268,571 shares of the company’s stock valued at $14,610,000 after buying an additional 111,776 shares in the last quarter. Level Four Advisory Services LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 161.6% in the 2nd quarter. Level Four Advisory Services LLC now owns 37,649 shares of the company’s stock worth $2,048,000 after buying an additional 23,255 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $4,939,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $54.13 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $60.14. The company’s 50 day moving average price is $57.75 and its two-hundred day moving average price is $57.94. The company has a market capitalization of $31.24 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.5761 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. This is an increase 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.

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.