Institute for Wealth Management LLC. Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Institute for Wealth Management LLC. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,268 shares of the company’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JEPQ. JPMorgan Chase & Co. increased 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 worth $958,537,000 after acquiring an additional 1,028,135 shares during the period. LPL Financial LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the 3rd quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock worth $442,425,000 after acquiring an additional 837,415 shares during the period. International Assets Investment Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock worth $169,078,000 after acquiring an additional 3,029,552 shares during the period. Requisite Capital Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 42.2% in the 3rd quarter. Requisite Capital Management LLC now owns 1,104,337 shares of the company’s stock worth $60,661,000 after acquiring an additional 327,611 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.1% in the 3rd quarter. Private Advisor Group LLC now owns 1,065,386 shares of the company’s stock worth $58,964,000 after acquiring an additional 163,564 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1 %

JEPQ stock opened at $57.47 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $47.67 and a fifty-two week high of $58.31. The firm’s 50-day simple moving average is $57.21 and its 200 day simple moving average is $55.19. The stock has a market cap of $22.23 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

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

JPMorgan Nasdaq Equity Premium Income ETF 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.