Assetmark Inc. Boosts Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Assetmark Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 35.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,839 shares of the company’s stock after acquiring an additional 25,885 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,743,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after purchasing an additional 7,027,261 shares during the period. Bank of America Corp DE lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after purchasing an additional 1,533,280 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the second quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock worth $212,896,000 after buying an additional 94,985 shares during the period. Ameriprise Financial Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock valued at $195,284,000 after buying an additional 329,963 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.47 on Wednesday. The stock has a market capitalization of $33.16 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The business has a 50-day moving average of $58.63 and a 200 day moving average of $57.62. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm 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. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

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.