Drive Wealth Management LLC Acquires 20,506 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Drive Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 135.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,701 shares of the company’s stock after purchasing an additional 20,506 shares during the quarter. Drive Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Logan Capital Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares during the period. Root Financial Partners LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $34,000. Archer Investment Corp bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $34,000. Finally, Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.61 on Monday. The company has a 50 day moving average of $57.41 and a 200-day moving average of $58.06. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $51.55 and a 1-year high of $60.14. The company has a market cap of $37.70 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were issued a dividend of $0.591 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Friday, May 1st.

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.