HBW Advisory Services LLC Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

HBW Advisory Services LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 17.5% in the fourth quarter, Holdings Channel reports. The fund owned 60,798 shares of the company’s stock after buying an additional 9,034 shares during the period. HBW Advisory Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,534,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in 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 acquiring an additional 651,461 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after acquiring an additional 748,170 shares during the last quarter. Raymond James Financial Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the third quarter. Raymond James Financial Inc. now owns 3,930,950 shares of the company’s stock worth $226,108,000 after acquiring an additional 17,428 shares during the last quarter. Osaic Holdings Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the second quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock worth $195,284,000 after acquiring an additional 329,963 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 3,574,422 shares of the company’s stock worth $205,601,000 after acquiring an additional 68,347 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.62 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.14 and a 52-week high of $60.14. The company has a 50 day moving average of $57.11 and a 200 day moving average of $57.88. The company has a market capitalization of $35.86 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a $0.5586 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date was Wednesday, April 1st.

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.