Envestnet Asset Management Inc. Increases Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Envestnet Asset Management Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,574,422 shares of the company’s stock after acquiring an additional 68,347 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $205,601,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JEPQ. Chapin Davis Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 3rd quarter. Chapin Davis Inc. now owns 30,409 shares of the company’s stock valued at $1,749,000 after purchasing an additional 183 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.5% in the third quarter. Joseph P. Lucia & Associates LLC now owns 36,166 shares of the company’s stock worth $2,080,000 after buying an additional 192 shares during the last quarter. SlateStone Wealth LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the second quarter. SlateStone Wealth LLC now owns 66,490 shares of the company’s stock valued at $3,617,000 after acquiring an additional 199 shares in the last quarter. Balefire LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 3rd quarter. Balefire LLC now owns 4,287 shares of the company’s stock valued at $247,000 after acquiring an additional 202 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.7% during the 2nd quarter. Forum Financial Management LP now owns 4,680 shares of the company’s stock valued at $255,000 after acquiring an additional 209 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $56.93 on Friday. The firm has a fifty day moving average of $58.75 and a two-hundred day moving average of $57.42. The firm has a market cap of $32.85 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.4657 dividend. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, February 2nd.

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.