Commonwealth Equity Services LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Commonwealth Equity Services LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,016,354 shares of the company’s stock, valued at approximately $184,782,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock worth $770,489,000 after buying an additional 1,132,270 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 4,336,966 shares of the company’s stock valued at $266,550,000 after acquiring an additional 327,859 shares during the period. Royal Bank of Canada lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after acquiring an additional 517,693 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $211,567,000. Finally, Cetera Investment Advisers lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 3,035,644 shares of the company’s stock valued at $168,539,000 after acquiring an additional 204,154 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 6.0%

NASDAQ JEPQ opened at $53.68 on Friday. The firm has a market cap of $39.63 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The business has a 50-day moving average price of $59.75 and a 200-day moving average price of $59.02. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72.

About JPMorgan Nasdaq Equity Premium Income ETF

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.