Western Wealth Management LLC Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Western Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 119.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,427 shares of the company’s stock after acquiring an additional 27,466 shares during the period. Western Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,800,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPQ. GM Advisory Group LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after purchasing an additional 170 shares during the last quarter. Howard Wealth Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock worth $214,000 after purchasing an additional 173 shares during the period. Red Mountain Financial LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares during the last quarter. Montz Harcus Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after purchasing an additional 176 shares during the last quarter. Finally, CPC Advisors LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the fourth quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock valued at $1,639,000 after purchasing an additional 178 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $58.25 on Friday. The business has a fifty day simple moving average of $59.74 and a two-hundred day simple moving average of $58.66. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The company has a market capitalization of $39.68 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.6366 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 13.1%.

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.