Investor s Fiduciary Advisor Network LLC Decreases Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Investor s Fiduciary Advisor Network LLC cut its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,311 shares of the company’s stock after selling 8,919 shares during the period. Investor s Fiduciary Advisor Network LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after acquiring an additional 1,533,280 shares during the last quarter. Morgan Stanley grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% in the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after purchasing an additional 1,231,809 shares during the period. LPL Financial LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of 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 valued at $255,748,000 after purchasing an additional 517,693 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.9%

Shares of NASDAQ JEPQ opened at $59.69 on Friday. The firm’s fifty day moving average is $59.47 and its 200 day moving average is $58.83. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

About JPMorgan Nasdaq Equity Premium Income ETF

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.