Marion Wealth Management Boosts Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Marion Wealth Management boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,325 shares of the company’s stock after buying an additional 254 shares during the quarter. Marion Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock valued at $958,537,000 after buying an additional 1,028,135 shares in the last quarter. LPL Financial LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the third quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after acquiring an additional 837,415 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% during the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock worth $169,078,000 after purchasing an additional 3,029,552 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock worth $159,473,000 after purchasing an additional 174,473 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock valued at $124,476,000 after purchasing an additional 105,765 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.3 %

NASDAQ:JEPQ traded down $0.15 during mid-day trading on Monday, reaching $55.83. 5,166,888 shares of the stock were exchanged, compared to its average volume of 5,170,875. The stock has a market capitalization of $20.84 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $47.67 and a 1 year high of $58.21. The company has a 50 day simple moving average of $56.90 and a 200-day simple moving average of $55.03.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.4558 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.