JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 20.5% in the third quarter, Holdings Channel.com reports. The firm owned 52,037 shares of the company’s stock after selling 13,387 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,993,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Realta Investment Advisors purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $242,000. Integras Partners LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $2,148,000. Bridgewealth Advisory Group LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.7% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 38,104 shares of the company’s stock valued at $2,192,000 after purchasing an additional 3,374 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the 3rd quarter. Childress Capital Advisors LLC now owns 153,980 shares of the company’s stock worth $8,857,000 after purchasing an additional 6,341 shares during the period. Finally, Park Avenue Securities LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 79,811 shares of the company’s stock worth $4,591,000 after purchasing an additional 1,005 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.4%

Shares of JEPQ stock opened at $58.72 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.42. The firm’s 50 day moving average price is $58.33 and its two-hundred day moving average price is $56.76. The stock has a market cap of $33.01 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a dividend of $0.5761 per share. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Wednesday, December 31st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

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.