Traynor Capital Management Inc. Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Traynor Capital Management Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,586 shares of the company’s stock after acquiring an additional 29,967 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 0.9% of Traynor Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Traynor Capital Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $15,622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after purchasing an additional 7,027,261 shares during the last quarter. Bank of America Corp DE grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $58,197,000. Ameriprise Financial Inc. grew 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 worth $201,043,000 after acquiring an additional 496,258 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% during the second quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock valued at $24,591,000 after purchasing an additional 442,025 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.3%

Shares of NASDAQ:JEPQ opened at $59.96 on Thursday. The firm has a market capitalization of $34.11 billion, a PE ratio of 32.17 and a beta of 0.83. The company has a 50-day moving average price of $58.60 and a two-hundred day moving average price of $57.27. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.5761 dividend. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.5%. This is a positive change 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.