Stratos Wealth Partners LTD. Trims Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Stratos Wealth Partners LTD. cut its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,682 shares of the company’s stock after selling 16,689 shares during the period. Stratos Wealth Partners LTD.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,305,000 as of its most recent filing with the Securities & Exchange Commission.

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $55.59 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $60.14. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The company’s 50-day simple moving average is $57.40 and its two-hundred day simple moving average is $57.88.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.