Focus Partners Wealth Has $15.50 Million Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Focus Partners Wealth lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 100.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 265,955 shares of the company’s stock after buying an additional 133,596 shares during the period. Focus Partners Wealth owned about 0.07% of JPMorgan Nasdaq Equity Premium Income ETF worth $15,499,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JEPQ. Raymond James Financial Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $174,675,000. JPMorgan Chase & Co. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after acquiring an additional 2,805,860 shares during the last quarter. Bank of America Corp DE grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after acquiring an additional 1,085,222 shares during the last quarter. Strategic Financial Concepts LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock worth $56,889,000 after acquiring an additional 991,227 shares during the last quarter. Finally, LPL Financial LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after acquiring an additional 860,019 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.2%

Shares of JEPQ stock opened at $52.23 on Tuesday. The firm has a market capitalization of $24.40 billion, a P/E ratio of 28.28 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54. The stock’s fifty day simple moving average is $50.92 and its 200 day simple moving average is $54.79.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, May 1st were given a $0.5979 dividend. This represents a $7.17 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date of this dividend was Thursday, May 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54.

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.