MBL Wealth LLC Sells 70,240 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

MBL Wealth LLC trimmed its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 31.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,849 shares of the company’s stock after selling 70,240 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up about 0.8% of MBL Wealth LLC’s portfolio, making the stock its 24th biggest holding. MBL Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. San Luis Wealth Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the second quarter. San Luis Wealth Advisors LLC now owns 50,236 shares of the company’s stock valued at $2,733,000 after purchasing an additional 3,047 shares in the last quarter. Blodgett Wealth Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at approximately $331,000. US Bancorp DE grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 11.7% in the first quarter. US Bancorp DE now owns 28,482 shares of the company’s stock valued at $1,475,000 after purchasing an additional 2,978 shares in the last quarter. Howard Capital Management Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 12.9% in the first quarter. Howard Capital Management Inc. now owns 376,654 shares of the company’s stock valued at $19,503,000 after purchasing an additional 43,049 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 18.2% during the second quarter. Focus Financial Network Inc. now owns 12,284 shares of the company’s stock worth $668,000 after buying an additional 1,895 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.0%

Shares of NASDAQ JEPQ opened at $57.28 on Friday. The business’s 50 day moving average price is $55.98 and its two-hundred day moving average price is $53.49. The company has a market cap of $30.78 billion, a PE ratio of 32.17 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were given a dividend of $0.4461 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, October 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.