MBL Wealth LLC Cuts Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

MBL Wealth LLC trimmed its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,040 shares of the company’s stock after selling 13,278 shares during the period. MBL Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,744,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after buying an additional 1,533,280 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $58,197,000. Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock worth $74,596,000 after purchasing an additional 398,695 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock worth $195,284,000 after purchasing an additional 329,963 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $55.92 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $45.15 and a 12 month high of $60.14. The company has a 50-day moving average price of $57.25 and a 200 day moving average price of $57.87. The stock has a market cap of $34.61 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a dividend of $0.5586 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

JPMorgan Nasdaq Equity Premium Income ETF 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.