JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Position Cut by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC lowered its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 50.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,430 shares of the company’s stock after selling 10,566 shares during the period. Silverlake Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $600,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Chapin Davis Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the third quarter. Chapin Davis Inc. now owns 30,409 shares of the company’s stock worth $1,749,000 after purchasing an additional 183 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.5% in the third quarter. Joseph P. Lucia & Associates LLC now owns 36,166 shares of the company’s stock worth $2,080,000 after purchasing an additional 192 shares during the period. SlateStone Wealth LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 2nd quarter. SlateStone Wealth LLC now owns 66,490 shares of the company’s stock valued at $3,617,000 after buying an additional 199 shares in the last quarter. Balefire LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 3rd quarter. Balefire LLC now owns 4,287 shares of the company’s stock valued at $247,000 after buying an additional 202 shares during the period. Finally, Forum Financial Management LP raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.7% during the 2nd quarter. Forum Financial Management LP now owns 4,680 shares of the company’s stock worth $255,000 after buying an additional 209 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

Shares of NASDAQ:JEPQ opened at $58.89 on Friday. The company has a 50 day moving average of $58.38 and a 200-day moving average of $56.94. The firm has a market cap of $33.24 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $59.42.

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 given a $0.5761 dividend. This represents a c) dividend on an annualized basis and a yield of 11.7%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date was Wednesday, December 31st.

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.