Midwest Trust Co Has $2.91 Million Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Midwest Trust Co boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 184.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,483 shares of the company’s stock after acquiring an additional 34,005 shares during the period. Midwest Trust Co’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,914,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $28,000. Navalign LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $33,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.5%

JEPQ stock opened at $59.60 on Tuesday. The stock has a 50-day moving average price of $60.07 and a 200-day moving average price of $58.68. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72. The firm has a market cap of $39.81 billion, a PE ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.8%.

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.