James Reed Financial Services Inc. Sells 14,790 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

James Reed Financial Services Inc. lessened its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,977 shares of the company’s stock after selling 14,790 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 21.3% of James Reed Financial Services Inc.’s portfolio, making the stock its 3rd largest position. James Reed Financial Services Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $23,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Foresight Capital Management Advisors Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 3rd quarter. Foresight Capital Management Advisors Inc. now owns 107,983 shares of the company’s stock valued at $6,211,000 after purchasing an additional 276 shares during the last quarter. Capital Advisors Wealth Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $220,000. Raub Brock Capital Management LP acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $354,000. TrueWealth Advisors LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.6% in the third quarter. TrueWealth Advisors LLC now owns 42,676 shares of the company’s stock valued at $2,455,000 after buying an additional 1,886 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the 3rd quarter. CWM LLC now owns 776,572 shares of the company’s stock valued at $44,668,000 after acquiring an additional 71,488 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $59.29 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $59.42. The stock has a market cap of $32.02 billion, a P/E ratio of 32.17 and a beta of 0.83. The firm has a fifty day moving average price of $58.27 and a 200 day moving average price of $56.36.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were issued a dividend of $0.5532 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, December 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.