Sheets Smith Wealth Management Purchases 17,828 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Sheets Smith Wealth Management increased its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,846 shares of the company’s stock after buying an additional 17,828 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for 0.9% of Sheets Smith Wealth Management’s portfolio, making the stock its 24th largest position. Sheets Smith Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $26,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $34,000. Finally, Russell Investments Group Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $55.59 on Friday. The stock has a market cap of $34.33 billion, a PE ratio of 32.17 and a beta of 0.83. The company’s fifty day moving average is $57.40 and its 200 day moving average is $57.88. 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 Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.5586 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, April 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.