Mechanics Bank Trust Department Acquires 39,641 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 55.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,513 shares of the company’s stock after buying an additional 39,641 shares during the period. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,414,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JEPQ. Kingstone Capital Partners Texas LLC increased its position in 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 acquiring an additional 86,045,601 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 period. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after buying an additional 1,533,280 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the second quarter. Raymond James Financial Inc. now owns 3,913,522 shares of the company’s stock valued at $212,896,000 after buying an additional 94,985 shares during the period. Finally, Ameriprise Financial Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.5% during the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock worth $201,043,000 after buying an additional 496,258 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1%

Shares of JEPQ opened at $58.09 on Monday. The stock’s 50-day moving average price is $58.35 and its 200 day moving average price is $56.65. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

JPMorgan Nasdaq Equity Premium Income ETF 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.