Northwestern Mutual Wealth Management Co. Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 337,822 shares of the company’s stock after buying an additional 10,611 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $19,634,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Howard Wealth Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock worth $214,000 after purchasing an additional 173 shares in the last quarter. Montz Harcus Wealth Management LLC increased its stake in shares of 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 worth $243,000 after purchasing an additional 176 shares in the last quarter. Fortis Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the third quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock worth $411,000 after purchasing an additional 177 shares in the last quarter. CPC Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the fourth quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock worth $1,639,000 after purchasing an additional 178 shares in the last quarter. Finally, Planning Directions Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the fourth quarter. Planning Directions Inc. now owns 45,467 shares of the company’s stock worth $2,643,000 after purchasing an additional 184 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $61.15 on Monday. The company has a market capitalization of $38.67 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The firm has a 50-day moving average price of $58.25 and a 200-day moving average price of $58.25. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $51.82 and a twelve month high of $61.17.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 11.6%.

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.