JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Position Reduced by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC reduced its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 92.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412 shares of the company’s stock after selling 63,371 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JEPQ. Clarity Wealth Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.6% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 38,912 shares of the company’s stock worth $2,117,000 after buying an additional 3,727 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $2,069,000. Sheets Smith Wealth Management increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 77.2% in the 3rd quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock valued at $6,846,000 after acquiring an additional 51,871 shares during the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the 3rd quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock valued at $3,871,000 after acquiring an additional 39,412 shares during the last quarter. Finally, High Net Worth Advisory Group LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 25.4% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock valued at $6,021,000 after acquiring an additional 21,219 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ opened at $56.85 on Monday. The business’s fifty day moving average price is $58.42 and its 200 day moving average price is $57.85. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $60.14. The stock has a market capitalization of $32.81 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

About JPMorgan Nasdaq Equity Premium Income ETF

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.