Teamwork Financial Advisors LLC Lowers Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Teamwork Financial Advisors LLC cut its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 53.5% in the 4th quarter, HoldingsChannel reports. The firm owned 25,358 shares of the company’s stock after selling 29,128 shares during the period. Teamwork Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 4th quarter. Armstrong Advisory Group Inc. now owns 11,057 shares of the company’s stock valued at $643,000 after buying an additional 298 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.3% during the 4th quarter. Procyon Advisors LLC now owns 20,887 shares of the company’s stock worth $1,214,000 after acquiring an additional 464 shares during the last quarter. Magnus Financial Group LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.7% in the fourth quarter. Magnus Financial Group LLC now owns 467,341 shares of the company’s stock worth $27,162,000 after acquiring an additional 7,939 shares in the last quarter. Orgel Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.9% in the fourth quarter. Orgel Wealth Management LLC now owns 5,153 shares of the company’s stock valued at $299,000 after acquiring an additional 744 shares during the last quarter. Finally, Significant Wealth Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $603,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.7%

NASDAQ JEPQ opened at $55.76 on Monday. The stock’s 50-day simple moving average is $58.09 and its two-hundred day simple moving average is $57.96. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $60.14. The company has a market capitalization of $32.18 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 announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.509 dividend. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date was Monday, March 2nd. 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.