Mayfair Advisory Group LLC Has $3.65 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mayfair Advisory Group LLC cut its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 15.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,404 shares of the company’s stock after selling 11,544 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises 1.6% of Mayfair Advisory Group LLC’s portfolio, making the stock its 14th biggest holding. Mayfair Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,647,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $26,000. Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $33,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $35,000. Asset Dedication LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock valued at $40,000 after purchasing an additional 404 shares in the last quarter. Finally, AllSquare Wealth Management LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% in the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock valued at $44,000 after purchasing an additional 300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock opened at $58.12 on Friday. The stock has a market cap of $31.38 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The company has a 50 day simple moving average of $58.36 and a 200 day simple moving average of $56.56. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 5th. Investors of record on Wednesday, December 31st will be given a dividend of $0.5761 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.9%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

About JPMorgan Nasdaq Equity Premium Income ETF

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.