Rakuten Investment Management Inc. Acquires Shares of 1,013,700 JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Rakuten Investment Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, HoldingsChannel.com reports. The fund bought 1,013,700 shares of the company’s stock, valued at approximately $58,197,000.

A number of other institutional investors have also recently made changes to their positions in JEPQ. Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $26,000. Russell Investments Group Ltd. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at approximately $33,000. Root Financial Partners LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $34,000. Asset Dedication LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during 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 during the last quarter. Finally, AllSquare Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock valued at $44,000 after buying an additional 300 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.7%

NASDAQ JEPQ opened at $57.92 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $59.42. The firm has a market capitalization of $33.47 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The company has a fifty day moving average of $58.39 and a two-hundred day moving average of $57.08.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.