Renaissance Technologies LLC Makes New $5.70 Million Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Renaissance Technologies LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 102,614 shares of the company’s stock, valued at approximately $5,697,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPQ. Morgan Stanley boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares during the period. LPL Financial LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after buying an additional 589,696 shares during the period. Bank of America Corp DE raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock worth $678,061,000 after buying an additional 651,461 shares during the period. Wells Fargo & Company MN lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock worth $476,315,000 after acquiring an additional 383,927 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.4% during the 4th quarter. Royal Bank of Canada now owns 4,088,702 shares of the company’s stock valued at $237,636,000 after acquiring an additional 134,367 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.3%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.38 on Thursday. The stock’s fifty day moving average is $59.65 and its two-hundred day moving average is $58.66. The company has a market capitalization of $40.63 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.705 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend was Monday, August 3rd.

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.