Northwestern Mutual Wealth Management Co. Purchases 111,776 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 71.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,571 shares of the company’s stock after buying an additional 111,776 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $14,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. SlateStone Wealth LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the second quarter. SlateStone Wealth LLC now owns 66,490 shares of the company’s stock worth $3,617,000 after purchasing an additional 199 shares during the last quarter. WealthShield Partners LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the first quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock worth $448,000 after buying an additional 207 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.7% in the second quarter. Forum Financial Management LP now owns 4,680 shares of the company’s stock worth $255,000 after buying an additional 209 shares during the last quarter. Anderson Financial Strategies LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the second quarter. Anderson Financial Strategies LLC now owns 38,666 shares of the company’s stock valued at $2,103,000 after buying an additional 216 shares during the period. Finally, Fortis Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.5% during the second quarter. Fortis Advisors LLC now owns 6,966 shares of the company’s stock valued at $379,000 after buying an additional 234 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7%

JEPQ opened at $58.85 on Monday. The firm’s 50 day simple moving average is $57.77 and its two-hundred day simple moving average is $55.59. The company has a market capitalization of $31.78 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Monday, December 1st will be issued a $0.5532 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 11.3%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48.

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.