Lee Johnson Capital Management LLC Sells 257,319 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Lee Johnson Capital Management LLC trimmed its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 64.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,212 shares of the company’s stock after selling 257,319 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 2.8% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Lee Johnson Capital Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $26,000. Russell Investments Group Ltd. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $33,000. Oliver Lagore Vanvalin Investment Group acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $35,000. Asset Dedication LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the second quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after purchasing an additional 404 shares during the period. Finally, AllSquare Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the second quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock valued at $44,000 after purchasing an additional 300 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.09 on Wednesday. The firm’s 50-day moving average is $58.35 and its 200-day moving average is $56.54. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $59.42. The company has a market cap of $31.91 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st will be issued a $0.5761 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

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.