Mutual Advisors LLC Purchases 19,625 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mutual Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 27.0% during the third quarter, Holdings Channel reports. The fund owned 92,361 shares of the company’s stock after acquiring an additional 19,625 shares during the period. Mutual Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,370,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JEPQ. Thrivent Financial for Lutherans boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1,318.2% in the third quarter. Thrivent Financial for Lutherans now owns 90,015 shares of the company’s stock worth $5,178,000 after buying an additional 83,668 shares during the last quarter. Trinity Legacy Partners LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.4% during the 3rd quarter. Trinity Legacy Partners LLC now owns 101,827 shares of the company’s stock valued at $6,018,000 after acquiring an additional 7,865 shares during the period. Tyche Wealth Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 25.9% in the 3rd quarter. Tyche Wealth Partners LLC now owns 9,503 shares of the company’s stock worth $547,000 after purchasing an additional 1,955 shares during the period. Cornerstone Wealth Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 1,738.1% during the third quarter. Cornerstone Wealth Management LLC now owns 143,500 shares of the company’s stock valued at $8,254,000 after purchasing an additional 135,693 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 42.9% during the third quarter. Foundations Investment Advisors LLC now owns 37,686 shares of the company’s stock valued at $2,168,000 after purchasing an additional 11,314 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7%

NASDAQ JEPQ opened at $59.43 on Monday. The stock’s 50-day moving average price is $58.75 and its 200-day moving average price is $57.36. The company has a market capitalization of $34.04 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a dividend of $0.4657 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

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.