Focus Financial Network Inc. Buys 10,223 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Focus Financial Network Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 115.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,044 shares of the company’s stock after purchasing an additional 10,223 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after purchasing an additional 1,408,923 shares during the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8.9% during the 1st quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after purchasing an additional 1,132,270 shares during the last quarter. Wells Fargo & Company MN boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after buying an additional 383,927 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after buying an additional 517,693 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.65 on Wednesday. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The firm’s 50-day moving average price is $59.55 and its two-hundred day moving average price is $58.69. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

JPMorgan Nasdaq Equity Premium Income ETF Company 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.