PVG Asset Management Corp Has $17.16 Million Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PVG Asset Management Corp grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 444.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,457 shares of the company’s stock after buying an additional 228,985 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 12.1% of PVG Asset Management Corp’s portfolio, making the stock its largest holding. PVG Asset Management Corp’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $17,158,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Logan Capital Management Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Sankala Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $28,000. Navalign LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000. Finally, Archer Investment Corp purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $58.25 on Monday. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The business has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $58.65.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date was Wednesday, July 1st.

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.