PNC Financial Services Group Inc. Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PNC Financial Services Group Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,514 shares of the company’s stock after buying an additional 34,943 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of JPMorgan Nasdaq Equity Premium Income ETF worth $18,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 904,374 shares of the company’s stock valued at $52,019,000 after buying an additional 5,298 shares during the last quarter. Murphy & Mullick Capital Management Corp grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 20.6% in the third quarter. Murphy & Mullick Capital Management Corp now owns 8,615 shares of the company’s stock valued at $501,000 after purchasing an additional 1,471 shares during the last quarter. Florida Financial Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.3% during the 3rd quarter. Florida Financial Advisors LLC now owns 14,078 shares of the company’s stock valued at $810,000 after acquiring an additional 314 shares in the last quarter. Pennsylvania Capital Management Inc. ADV lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 3.6% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 10,047 shares of the company’s stock valued at $578,000 after buying an additional 353 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 109,693 shares of the company’s stock valued at $6,310,000 after purchasing an additional 2,220 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.47 on Wednesday. The business’s fifty day moving average is $58.63 and its two-hundred day moving average is $57.62. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $60.14. The firm has a market cap of $33.16 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.4657 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 9.7%.

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.