Cambridge Advisors Inc. Has $11.90 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Cambridge Advisors Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 13.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 206,939 shares of the company’s stock after acquiring an additional 25,316 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises about 2.3% of Cambridge Advisors Inc.’s holdings, making the stock its 9th largest position. Cambridge Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $11,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 86,131,764 shares of the company’s stock worth $4,615,759,000 after purchasing an additional 86,045,601 shares during the period. JPMorgan Chase & Co. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after purchasing an additional 7,027,261 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after buying an additional 1,533,280 shares during the period. Raymond James Financial Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock worth $212,896,000 after buying an additional 94,985 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

Shares of JEPQ stock opened at $59.29 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $59.42. The stock has a market cap of $32.02 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The stock has a 50-day moving average of $58.23 and a 200-day moving average of $56.34.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were given a dividend of $0.5532 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 11.2%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48.

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.