Waverly Advisors LLC Reduces Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Waverly Advisors LLC cut its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,324 shares of the company’s stock after selling 62,821 shares during the quarter. Waverly Advisors LLC owned 0.05% of JPMorgan Nasdaq Equity Premium Income ETF worth $22,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Corient Private Wealth LP increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 118.8% during the second quarter. Corient Private Wealth LP now owns 38,822 shares of the company’s stock valued at $2,386,000 after acquiring an additional 21,081 shares during the last quarter. Tucker Asset Management LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.2% during the 2nd quarter. Tucker Asset Management LLC now owns 63,336 shares of the company’s stock valued at $3,893,000 after purchasing an additional 10,642 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 124.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 95,380 shares of the company’s stock valued at $5,862,000 after purchasing an additional 52,928 shares during the last quarter. Kintra Wealth LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.3% in the 2nd quarter. Kintra Wealth LLC now owns 239,153 shares of the company’s stock worth $14,450,000 after purchasing an additional 3,149 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $290,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.0%

JEPQ opened at $59.85 on Wednesday. The company’s 50 day moving average is $59.43 and its 200 day moving average is $58.88. The company has a market cap of $40.95 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72.

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.