Sowell Financial Services LLC Grows Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Sowell Financial Services LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,598 shares of the company’s stock after acquiring an additional 16,813 shares during the quarter. Sowell Financial Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,716,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Baird Financial Group Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the 1st quarter. Baird Financial Group Inc. now owns 560,169 shares of the company’s stock valued at $29,006,000 after purchasing an additional 94,634 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth about $622,000. Royal Bank of Canada raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 3,080,536 shares of the company’s stock valued at $159,509,000 after buying an additional 66,929 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.4% during the first quarter. Ameriflex Group Inc. now owns 13,259 shares of the company’s stock valued at $687,000 after buying an additional 3,171 shares during the period. Finally, First Financial Bankshares Inc acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth approximately $642,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $59.34 on Monday. The company has a 50 day moving average price of $58.31 and a two-hundred day moving average price of $56.45. The stock has a market capitalization of $32.04 billion, a P/E ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $59.43.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.