JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Shares Bought by Spire Wealth Management

Spire Wealth Management raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 13.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 159,768 shares of the company’s stock after buying an additional 19,111 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,819,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $27,000. Sankala Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $28,000. Navalign LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $33,000. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $33,000. Finally, Archer Investment Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.6%

NASDAQ:JEPQ opened at $60.00 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $53.51 and a 52-week high of $61.72. The stock has a fifty day simple moving average of $59.54 and a 200-day simple moving average of $58.69. The company has a market capitalization of $41.05 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were given a dividend of $0.705 per share. The ex-dividend date was Monday, August 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) dividend on an annualized basis and a yield of 14.1%.

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.