AdvisorNet Financial Inc Sells 39,975 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

AdvisorNet Financial Inc lessened its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 25.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 116,550 shares of the company’s stock after selling 39,975 shares during the quarter. AdvisorNet Financial Inc’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in 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 buying an additional 1,533,280 shares during the period. Morgan Stanley increased its holdings in 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 purchasing an additional 1,408,923 shares during the period. Equitable Holdings Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after purchasing an additional 1,231,809 shares during the period. Ameriprise Financial Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd 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 in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 4th 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 period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1%

JEPQ opened at $61.38 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $52.56 and a 12-month high of $61.72. The business’s fifty day simple moving average is $59.68 and its 200-day simple moving average is $58.53. The company has a market capitalization of $38.82 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a $0.5644 dividend. The ex-dividend date of this dividend was Monday, June 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.