WNY Asset Management LLC Takes $3.04 Million Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

WNY Asset Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,846 shares of the company’s stock, valued at approximately $3,045,000.

Several other hedge funds and other institutional investors have also modified their holdings of JEPQ. Morgan Stanley boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares in the last quarter. LPL Financial LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after acquiring an additional 589,696 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% during the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after acquiring an additional 1,132,270 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after acquiring an additional 383,927 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the 1st quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after purchasing an additional 517,693 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ opened at $58.25 on Friday. The firm’s 50-day simple moving average is $59.74 and its 200-day simple moving average is $58.66. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.