HUB Investment Partners LLC Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

HUB Investment Partners LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 19.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,663 shares of the company’s stock after buying an additional 47,891 shares during the period. HUB Investment Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $16,949,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JEPQ. JPMorgan Chase & Co. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after acquiring an additional 7,027,261 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after acquiring an additional 1,533,280 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $58,197,000. Ameriprise Financial Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock worth $201,043,000 after purchasing an additional 496,258 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% in the 2nd quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock worth $24,591,000 after purchasing an additional 442,025 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $56.85 on Friday. The company has a market capitalization of $32.81 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $60.14. The company’s 50-day moving average is $58.42 and its 200 day moving average is $57.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.509 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.