Truist Financial Corp Raises Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Truist Financial Corp boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 587,709 shares of the company’s stock after purchasing an additional 37,905 shares during the quarter. Truist Financial Corp owned about 0.11% of JPMorgan Nasdaq Equity Premium Income ETF worth $33,805,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JEPQ. Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $26,000. Russell Investments Group Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $33,000. Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $34,000. Asset Dedication LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock valued at $40,000 after purchasing an additional 404 shares during the last quarter. Finally, AllSquare Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock valued at $44,000 after purchasing an additional 300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.86 on Friday. The company has a 50-day simple moving average of $58.68 and a two-hundred day simple moving average of $57.29. The stock has a market capitalization of $34.23 billion, a PE 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 $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.5761 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 11.5%. This is a positive change 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.