Beam Wealth Advisors Inc. Buys 27,424 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Beam Wealth Advisors Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 136.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,536 shares of the company’s stock after purchasing an additional 27,424 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $33,000. Cerity Partners LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% during the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock worth $2,091,000 after buying an additional 20,946 shares in the last quarter. Diversify Advisory Services LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after buying an additional 2,045 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after buying an additional 2,566 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at approximately $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.45 on Thursday. The company has a 50 day moving average of $60.01 and a 200-day moving average of $58.66. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72. The company has a market cap of $39.71 billion, a PE ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.6366 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date was Wednesday, July 1st.

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.