Marks Wealth LLC Lowers Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Marks Wealth LLC cut its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 24.6% in the third quarter, HoldingsChannel.com reports. The firm owned 27,313 shares of the company’s stock after selling 8,891 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises about 0.5% of Marks Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Marks Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPQ. Parallel Advisors LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 12.3% in the 2nd quarter. Parallel Advisors LLC now owns 18,590 shares of the company’s stock worth $1,011,000 after buying an additional 2,040 shares during the period. Procyon Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.9% in the second quarter. Procyon Advisors LLC now owns 20,547 shares of the company’s stock valued at $1,118,000 after acquiring an additional 387 shares in the last quarter. Financial Management Network Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $203,000. Signal Advisors Wealth LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 71.3% during the second quarter. Signal Advisors Wealth LLC now owns 89,874 shares of the company’s stock worth $4,889,000 after purchasing an additional 37,402 shares in the last quarter. Finally, Focus Financial Network Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.2% during the second quarter. Focus Financial Network Inc. now owns 12,284 shares of the company’s stock worth $668,000 after purchasing an additional 1,895 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

NASDAQ JEPQ opened at $58.89 on Friday. The stock’s 50 day moving average is $58.38 and its 200 day moving average is $56.94. 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 $33.24 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a $0.5761 dividend. This represents a c) annualized dividend and a dividend yield of 11.7%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. The ex-dividend date of this dividend 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.