Bauman Advisory Group LLC Has $324,000 Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Bauman Advisory Group LLC cut its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 71.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,835 shares of the company’s stock after selling 14,946 shares during the quarter. Bauman Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPQ. Bank of America Corp DE lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd 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. Morgan Stanley boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after buying an additional 1,231,809 shares during the last quarter. LPL Financial LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after buying an additional 589,696 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of 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 Trading Down 1.4%

NASDAQ:JEPQ opened at $59.26 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The firm has a 50 day moving average of $60.11 and a 200-day moving average of $58.70. The stock has a market capitalization of $39.55 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.