Three Magnolias Financial Advisors LLC Sells 22,170 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Three Magnolias Financial Advisors LLC cut its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,008 shares of the company’s stock after selling 22,170 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 5.8% of Three Magnolias Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Three Magnolias Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.2% in the 2nd quarter. Tucker Asset Management LLC now owns 63,336 shares of the company’s stock valued at $3,893,000 after acquiring an additional 10,642 shares during the last quarter. NewEdge Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 14.3% during the 2nd quarter. NewEdge Advisors LLC now owns 632,916 shares of the company’s stock worth $38,899,000 after acquiring an additional 79,116 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 254,749 shares of the company’s stock worth $15,657,000 after acquiring an additional 10,487 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 46.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 156,440 shares of the company’s stock worth $9,615,000 after acquiring an additional 49,921 shares during the last quarter. Finally, KFG Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 13.8% during the second quarter. KFG Wealth Management LLC now owns 94,423 shares of the company’s stock valued at $5,803,000 after purchasing an additional 11,458 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.3%

NASDAQ JEPQ traded down $0.81 during trading on Wednesday, reaching $60.12. 3,764,378 shares of the stock traded hands, compared to its average volume of 6,532,531. 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 firm has a market cap of $43.91 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The stock’s 50-day moving average price is $60.22 and its 200 day moving average price is $59.46.

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.