Paradigm Strategies in Wealth Management LLC Has $777,000 Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Paradigm Strategies in Wealth Management LLC reduced its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 57.5% in the 3rd quarter, Holdings Channel reports. The fund owned 13,517 shares of the company’s stock after selling 18,299 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up about 0.5% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 86,131,764 shares of the company’s stock valued at $4,615,759,000 after purchasing an additional 86,045,601 shares during the period. JPMorgan Chase & Co. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after purchasing an additional 7,027,261 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after buying an additional 1,533,280 shares during the period. Raymond James Financial Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the 2nd quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock worth $212,896,000 after buying an additional 94,985 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.6%

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $58.44 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $59.42. The stock has a market cap of $32.53 billion, a P/E ratio of 32.17 and a beta of 0.83. The company’s fifty day simple moving average is $58.34 and its 200-day simple moving average is $56.69.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a $0.5761 dividend. This represents a c) dividend on an annualized basis and a yield of 11.8%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date was Wednesday, December 31st.

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.