Marmo Financial Group LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Marmo Financial Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 4th quarter, HoldingsChannel reports. The fund purchased 10,608 shares of the company’s stock, valued at approximately $617,000. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 0.3% of Marmo Financial Group LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FAS Wealth Partners Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the third quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock valued at $3,871,000 after purchasing an additional 39,412 shares during the period. High Net Worth Advisory Group LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 25.4% during the third quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock worth $6,021,000 after purchasing an additional 21,219 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 142.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock valued at $1,072,000 after purchasing an additional 10,963 shares during the last quarter. Choreo LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 499.0% in the 3rd quarter. Choreo LLC now owns 59,746 shares of the company’s stock valued at $3,437,000 after buying an additional 49,772 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 281.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 46,747 shares of the company’s stock worth $2,689,000 after buying an additional 34,498 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $59.40 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $51.07 and a one year high of $60.14. The firm has a market cap of $37.57 billion, a PE ratio of 32.17 and a beta of 0.82. The firm’s 50 day moving average price is $57.38 and its 200-day moving average price is $58.05.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were given a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 11.9%.

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.