Stratos Wealth Advisors LLC Increases Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Stratos Wealth Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 78.0% in the third quarter, HoldingsChannel reports. The firm owned 52,833 shares of the company’s stock after acquiring an additional 23,148 shares during the period. Stratos Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after buying an additional 7,027,261 shares during the period. Bank of America Corp DE grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $58,197,000. Ameriprise Financial Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after purchasing an additional 496,258 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% in the 2nd quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock worth $24,591,000 after purchasing an additional 442,025 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $58.41 on Thursday. The company has a market cap of $33.71 billion, a PE ratio of 32.17 and a beta of 0.83. The firm’s 50 day moving average price is $58.74 and its 200-day moving average price is $57.53. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.4657 per share. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.