CRA Financial Services LLC Invests $564,000 in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

CRA Financial Services LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,708 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPQ. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $26,000. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares during the last quarter. Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $34,000. Finally, Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.1%

NASDAQ:JEPQ opened at $55.59 on Friday. The stock’s 50 day moving average price is $57.47 and its two-hundred day moving average price is $57.88. The firm has a market capitalization of $32.08 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 $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 6th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.5586 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

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.