Foguth Wealth Management LLC. Invests $5.51 Million in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Foguth Wealth Management LLC. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, HoldingsChannel reports. The firm acquired 94,820 shares of the company’s stock, valued at approximately $5,508,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fortis Advisors LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the third quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after purchasing an additional 177 shares in the last quarter. Chapin Davis Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the third quarter. Chapin Davis Inc. now owns 30,409 shares of the company’s stock worth $1,749,000 after purchasing an additional 183 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.5% during the third quarter. Joseph P. Lucia & Associates LLC now owns 36,166 shares of the company’s stock worth $2,080,000 after purchasing an additional 192 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 3rd quarter. Parallel Advisors LLC now owns 18,783 shares of the company’s stock worth $1,080,000 after buying an additional 193 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 2nd quarter. SlateStone Wealth LLC now owns 66,490 shares of the company’s stock valued at $3,617,000 after buying an additional 199 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ opened at $56.70 on Friday. The firm’s fifty day moving average price is $58.16 and its 200 day moving average price is $57.92. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.509 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date was Monday, March 2nd.

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.