Compass Financial Management LLC Purchases New Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Compass Financial Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,919 shares of the company’s stock, valued at approximately $771,000.

Other large investors have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $27,000. Sankala Group LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $28,000. Navalign LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock opened at $59.84 on Monday. The business has a fifty day moving average price of $59.64 and a 200 day moving average price of $58.72. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The stock has a market capitalization of $40.94 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.705 per share. The ex-dividend date was Monday, August 3rd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) annualized dividend and a dividend yield of 14.1%.

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.