KFG Wealth Management LLC Increases Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

KFG Wealth Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,945 shares of the company’s stock after buying an additional 12,876 shares during the quarter. KFG Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JEPQ. Bank of America Corp DE grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after buying an additional 1,533,280 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $58,197,000. Ameriprise Financial Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after buying an additional 748,170 shares in the last quarter. Jones Financial Companies Lllp grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 44.1% during the third quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock worth $74,596,000 after buying an additional 398,695 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the second quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock worth $195,284,000 after buying an additional 329,963 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.6%

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $55.92 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $60.14. The business has a 50-day simple moving average of $57.33 and a 200 day simple moving average of $57.88. The stock has a market cap of $34.61 billion, a price-to-earnings 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. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.5586 per share. This represents a c) annualized dividend and a yield of 12.0%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, April 1st.

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.