Smallwood Wealth Investment Management LLC Has $1.59 Million Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Smallwood Wealth Investment Management LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 46.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,616 shares of the company’s stock after acquiring an additional 8,744 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises 0.8% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 25th biggest position. Smallwood Wealth Investment Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,588,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% in 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 in the last quarter. JPMorgan Chase & Co. lifted 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 buying an additional 7,027,261 shares in the last quarter. Bank of America Corp DE lifted its position 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 in the last quarter. Raymond James Financial Inc. boosted its stake in shares of 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 last quarter. Finally, Ameriprise Financial Inc. grew its holdings 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 acquiring an additional 496,258 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $59.34 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $59.43. The company has a market cap of $32.04 billion, a P/E ratio of 32.17 and a beta of 0.83. The stock’s 50-day simple moving average is $58.31 and its 200 day simple moving average is $56.43.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.