Cornerstone Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Free Report) by 7.6% during the third quarter, HoldingsChannel.com reports. The fund owned 148,993 shares of the company’s stock after acquiring an additional 10,477 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,127,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8.9% during the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock worth $770,489,000 after purchasing an additional 1,132,270 shares during the last quarter. Royal Bank of Canada boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock worth $255,748,000 after purchasing an additional 517,693 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 4,336,966 shares of the company’s stock worth $266,550,000 after purchasing an additional 327,859 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $211,567,000. Finally, Cetera Investment Advisers grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 3,035,644 shares of the company’s stock valued at $168,539,000 after purchasing an additional 204,154 shares during the last quarter.
JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.5%
NASDAQ JEPQ opened at $55.82 on Wednesday. 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 business has a fifty day moving average of $59.46 and a 200-day moving average of $58.97. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 25.45 and a beta of 0.83.
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.
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