Valmark Advisers Inc. Grows Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Valmark Advisers Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 96.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,788 shares of the company’s stock after purchasing an additional 17,601 shares during the period. Valmark Advisers Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $26,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $33,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $35,000. Asset Dedication LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after purchasing an additional 404 shares during the period. Finally, AllSquare Wealth Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% in the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after purchasing an additional 300 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $59.16 on Friday. The company has a market cap of $33.32 billion, a PE ratio of 32.17 and a beta of 0.83. The firm’s 50 day moving average price is $58.33 and its 200-day moving average price is $56.82. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were given a $0.5761 dividend. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

About JPMorgan Nasdaq Equity Premium Income ETF

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.