Gateway Wealth Partners LLC Grows Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Gateway Wealth Partners LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 172.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,630 shares of the company’s stock after purchasing an additional 93,376 shares during the period. Gateway Wealth Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,196,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JEPQ. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $27,000. Sankala Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth $28,000. Navalign LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $33,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at about $33,000. Finally, Archer Investment Corp purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $57.96 on Monday. The firm has a market capitalization of $39.09 billion, a PE ratio of 32.17 and a beta of 0.81. The business has a 50-day moving average of $59.99 and a two-hundred day moving average of $58.71. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

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.