MBL Wealth LLC Has $8.42 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

MBL Wealth LLC trimmed its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 31.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,849 shares of the company’s stock after selling 70,240 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises about 0.8% of MBL Wealth LLC’s investment portfolio, making the stock its 24th largest holding. MBL Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ELCO Management Co. LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% in the first quarter. ELCO Management Co. LLC now owns 6,300 shares of the company’s stock valued at $326,000 after acquiring an additional 200 shares during the period. WealthShield Partners LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the first quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock valued at $448,000 after purchasing an additional 207 shares in the last quarter. Interchange Capital Partners LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the first quarter. Interchange Capital Partners LLC now owns 5,878 shares of the company’s stock valued at $304,000 after purchasing an additional 232 shares in the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.3% in the first quarter. Institute for Wealth Management LLC. now owns 10,502 shares of the company’s stock valued at $544,000 after purchasing an additional 234 shares in the last quarter. Finally, Investment Planning Advisors Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.7% in the first quarter. Investment Planning Advisors Inc. now owns 34,282 shares of the company’s stock valued at $1,775,000 after purchasing an additional 239 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.28 on Friday. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84. The stock’s 50-day moving average is $55.98 and its 200-day moving average is $53.49. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a $0.4461 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. The ex-dividend date was Wednesday, October 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.