Northwestern Mutual Wealth Management Co. Increases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,822 shares of the company’s stock after purchasing an additional 10,611 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.06% of JPMorgan Nasdaq Equity Premium Income ETF worth $19,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPQ. Bank of America Corp DE raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in 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 purchasing an additional 1,533,280 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after purchasing an additional 748,170 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.1% in the third quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock valued at $74,596,000 after purchasing an additional 398,695 shares during the last quarter. SageGuard Financial Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $21,290,000. Finally, Aventura Private Wealth LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $17,608,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $61.15 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $51.82 and a 52-week high of $61.17. The company has a 50-day simple moving average of $58.25 and a 200 day simple moving average of $58.25. The company has a market capitalization of $38.67 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were issued a dividend of $0.591 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date was Friday, May 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.