Assetmark Inc. Boosts Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Assetmark Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 19.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,077 shares of the company’s stock after purchasing an additional 20,672 shares during the period. Assetmark Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in JEPQ. Morgan Stanley boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares in the last quarter. LPL Financial LLC lifted 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 purchasing an additional 589,696 shares during the last quarter. Bank of America Corp DE lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock worth $678,061,000 after purchasing an additional 651,461 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after purchasing an additional 383,927 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.4% in the fourth quarter. Royal Bank of Canada now owns 4,088,702 shares of the company’s stock valued at $237,636,000 after purchasing an additional 134,367 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ opened at $59.65 on Wednesday. The firm’s fifty day moving average price is $60.06 and its 200 day moving average price is $58.70. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The company has a market capitalization of $40.03 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm 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 of this dividend 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.