Investment Advisory Services Group LLC Acquires New Shares in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Investment Advisory Services Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,538 shares of the company’s stock, valued at approximately $1,775,000. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.6% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock worth $678,061,000 after buying an additional 651,461 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after buying an additional 748,170 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the third quarter. Raymond James Financial Inc. now owns 3,930,950 shares of the company’s stock worth $226,108,000 after buying an additional 17,428 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 3,574,422 shares of the company’s stock worth $205,601,000 after buying an additional 68,347 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the fourth quarter. UBS Group AG now owns 3,423,625 shares of the company’s stock worth $198,981,000 after buying an additional 29,163 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $59.66 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $51.71 and a fifty-two week high of $60.14. The business has a 50-day moving average of $57.49 and a two-hundred day moving average of $58.10. The stock has a market capitalization of $37.73 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were given a $0.591 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.