Independent Financial Group LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Independent Financial Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 197,178 shares of the company’s stock, valued at approximately $10,947,000.

A number of other institutional investors have also recently added to or reduced their stakes in JEPQ. Logan Capital Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $27,000. Sankala Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth $28,000. Navalign LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $33,000. Russell Investments Group Ltd. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $33,000. Finally, Archer Investment Corp acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.4%

Shares of JEPQ opened at $59.26 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72. The firm has a 50-day moving average price of $60.11 and a 200 day moving average price of $58.70. The firm has a market capitalization of $39.55 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.6366 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date was Wednesday, July 1st.

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.