D.A. Davidson & CO. Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

D.A. Davidson & CO. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.2% during the first quarter, HoldingsChannel reports. The firm owned 124,994 shares of the company’s stock after purchasing an additional 12,598 shares during the quarter. D.A. Davidson & CO.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JEPQ. Logan Capital Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Sankala Group LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $28,000. Navalign LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $58.51 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $53.51 and a 52-week high of $61.72. The firm has a market capitalization of $39.05 billion, a P/E ratio of 32.17 and a beta of 0.81. The stock has a 50 day moving average price of $60.08 and a 200-day moving average price of $58.69.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.6366 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.