Mechanics Bank Trust Department Has $7.36 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,546 shares of the company’s stock after purchasing an additional 15,033 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 1.0% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 26th biggest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,355,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $26,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after acquiring an additional 351 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $33,000. Finally, Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.8%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.13 on Friday. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $60.14. The company has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $57.93.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.5761 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Wednesday, December 31st.

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.