JPMorgan Nasdaq Equity Premium Income ETF $JEPQ is Three Magnolias Financial Advisors LLC’s 2nd Largest Position

Three Magnolias Financial Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 5.7% in the first quarter, Holdings Channel.com reports. The fund owned 197,560 shares of the company’s stock after buying an additional 10,633 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises about 7.0% of Three Magnolias Financial Advisors LLC’s portfolio, making the stock its 2nd largest holding. Three Magnolias Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $10,969,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $28,000. Navalign LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $33,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $59.42 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72. The business’s 50 day moving average is $59.81 and its two-hundred day moving average is $58.56. The firm has a market cap of $37.58 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given a dividend of $0.5644 per share. The ex-dividend date was Monday, June 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.