QP Wealth Management LLC Buys Shares of 30,667 JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

QP Wealth Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,667 shares of the company’s stock, valued at approximately $1,782,000. JPMorgan Nasdaq Equity Premium Income ETF makes up about 1.6% of QP Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $26,000. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $27,000. Hantz Financial Services Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $33,000. Finally, Root Financial Partners LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.7%

Shares of JEPQ stock opened at $55.76 on Friday. The firm has a 50 day moving average of $58.09 and a 200-day moving average of $57.92. The company has a market cap of $32.18 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.509 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 11.0%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47.

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.