Mechanics Bank Trust Department Grows Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 7.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 154,254 shares of the company’s stock after buying an additional 11,312 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up 1.2% of Mechanics Bank Trust Department’s holdings, making the stock its 22nd biggest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEPQ. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $28,000. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock opened at $59.38 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The firm has a market capitalization of $40.63 billion, a PE ratio of 32.17 and a beta of 0.82. The business has a 50 day simple moving average of $59.65 and a 200-day simple moving average of $58.66.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.705 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 3rd.

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.