JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Stock: Independent Wealth Network Inc. Raises Stake

Independent Wealth Network Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 121.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,994 shares of the company’s stock after acquiring an additional 14,777 shares during the quarter. Independent Wealth Network Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,654,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Optivise Advisory Services LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.0% during the 3rd quarter. Optivise Advisory Services LLC now owns 6,288 shares of the company’s stock valued at $385,000 after purchasing an additional 239 shares during the period. Grant Private Wealth Management Inc raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1.2% during the 3rd quarter. Grant Private Wealth Management Inc now owns 17,306 shares of the company’s stock worth $1,060,000 after purchasing an additional 198 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 83,232 shares of the company’s stock worth $5,099,000 after purchasing an additional 2,665 shares during the last quarter. SteelPeak Wealth LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 127.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 35,186 shares of the company’s stock worth $2,155,000 after purchasing an additional 19,732 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.4% in the 3rd quarter. IFP Advisors Inc now owns 65,979 shares of the company’s stock worth $4,042,000 after purchasing an additional 7,794 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ traded up $0.77 during trading on Monday, reaching $59.58. The stock had a trading volume of 3,328,028 shares, compared to its average volume of 6,549,410. The firm’s fifty day moving average is $60.23 and its 200 day moving average is $59.57. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

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.