PMG Family Office LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PMG Family Office LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,078 shares of the company’s stock, valued at approximately $2,708,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 3.0% of PMG Family Office LLC’s holdings, making the stock its 3rd biggest position.

Other hedge funds have also recently modified their holdings of the company. Fortis Advisors LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the 3rd quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock worth $411,000 after acquiring an additional 177 shares during the last quarter. Chapin Davis Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the third quarter. Chapin Davis Inc. now owns 30,409 shares of the company’s stock valued at $1,749,000 after purchasing an additional 183 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.5% in the third quarter. Joseph P. Lucia & Associates LLC now owns 36,166 shares of the company’s stock worth $2,080,000 after buying an additional 192 shares during the period. Parallel Advisors LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 3rd quarter. Parallel Advisors LLC now owns 18,783 shares of the company’s stock valued at $1,080,000 after acquiring an additional 193 shares during the period. Finally, SlateStone Wealth LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the 2nd quarter. SlateStone Wealth LLC now owns 66,490 shares of the company’s stock worth $3,617,000 after acquiring an additional 199 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $57.58 on Tuesday. The company has a 50 day simple moving average of $58.39 and a two-hundred day simple moving average of $57.87. The firm has a market cap of $33.23 billion, a P/E 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 $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.509 per share. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) annualized dividend and a dividend yield of 10.6%.

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.