JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Shares Bought by Pinnacle Wealth Management Advisory Group LLC

by · The Markets Daily

Pinnacle Wealth Management Advisory Group LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Free Report) by 19.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 67,299 shares of the company’s stock after buying an additional 11,117 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,871,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JEPQ. Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $33,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $35,000. Asset Dedication LLC raised its stake in shares of 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 worth $40,000 after buying an additional 404 shares during the last quarter. Finally, AllSquare Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% in the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after buying an additional 300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.6%

NASDAQ:JEPQ opened at $58.12 on Thursday. The company has a market capitalization of $31.38 billion, a P/E ratio of 32.17 and a beta of 0.83. The firm has a 50-day moving average price of $58.36 and a two-hundred day moving average price of $56.55. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 5th. Investors of record on Wednesday, December 31st will be paid a $0.5761 dividend. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JEPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Free Report).