Capital Asset Advisory Services LLC Invests $557,000 in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Capital Asset Advisory Services LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the first quarter, HoldingsChannel reports. The fund acquired 9,490 shares of the company’s stock, valued at approximately $557,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after buying an additional 173 shares during the period. Montz Harcus Wealth Management LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after buying an additional 176 shares during the period. CPC Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 4th quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock valued at $1,639,000 after acquiring an additional 178 shares during the last quarter. Fortis Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.6% in the 4th quarter. Fortis Advisors LLC now owns 7,326 shares of the company’s stock valued at $426,000 after acquiring an additional 183 shares during the last quarter. Finally, Planning Directions Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the 4th quarter. Planning Directions Inc. now owns 45,467 shares of the company’s stock valued at $2,643,000 after acquiring an additional 184 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $59.39 on Friday. The firm’s 50 day simple moving average is $59.96 and its 200 day simple moving average is $58.61. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The company has a market capitalization of $39.24 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st will be issued a $0.6366 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.9%.

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.