Simplicity Wealth LLC Invests $1.56 Million in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Simplicity Wealth LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,109 shares of the company’s stock, valued at approximately $1,559,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after purchasing an additional 7,027,261 shares during the period. Bank of America Corp DE grew its stake in 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 buying an additional 1,533,280 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $58,197,000. Ameriprise Financial Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock worth $201,043,000 after acquiring an additional 496,258 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% during the second quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock valued at $24,591,000 after acquiring an additional 442,025 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $59.02 on Friday. The stock’s 50-day moving average is $58.42 and its 200-day moving average is $57.10. The company has a market cap of $34.10 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given a $0.5761 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 11.7%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

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.