Axxcess Wealth Management LLC Increases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Axxcess Wealth Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.6% during the third quarter, Holdings Channel.com reports. The fund owned 84,900 shares of the company’s stock after acquiring an additional 9,496 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after purchasing an additional 7,027,261 shares during the period. Bank of America Corp DE grew its stake in 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 purchasing an additional 1,533,280 shares during the period. Rakuten Investment Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $58,197,000. Ameriprise Financial Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% during the 2nd quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock valued at $24,591,000 after buying an additional 442,025 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $57.89 on Thursday. The firm’s 50-day moving average price is $58.61 and its 200-day moving average price is $57.62. The company has a market capitalization of $33.41 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.4657 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

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.