Focused Wealth Management Inc Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Focused Wealth Management Inc bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,240 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Partners Group Inc lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 28.0% in the 3rd quarter. Financial Partners Group Inc now owns 144,173 shares of the company’s stock worth $7,919,000 after purchasing an additional 31,535 shares during the last quarter. Cary Street Partners Asset Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.7% in the third quarter. Cary Street Partners Asset Management LLC now owns 223,942 shares of the company’s stock valued at $12,301,000 after purchasing an additional 32,031 shares during the period. PDS Planning Inc lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 22.1% in the third quarter. PDS Planning Inc now owns 36,688 shares of the company’s stock worth $2,015,000 after buying an additional 6,645 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $221,000. Finally, TrueWealth Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 8.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 32,733 shares of the company’s stock valued at $1,798,000 after buying an additional 2,433 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.93 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $47.53 and a fifty-two week high of $56.18. The firm has a fifty day moving average price of $54.26 and a two-hundred day moving average price of $54.00. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a $0.4936 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Friday, November 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.