Mechanics Bank Trust Department Buys 15,033 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,546 shares of the company’s stock after purchasing an additional 15,033 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for 1.0% of Mechanics Bank Trust Department’s holdings, making the stock its 26th biggest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,355,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its position in 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 worth $605,843,000 after purchasing an additional 1,533,280 shares during the period. Rakuten Investment Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $58,197,000. Ameriprise Financial Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after buying an additional 748,170 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,302,995 shares of the company’s stock valued at $74,596,000 after buying an additional 398,695 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,589,375 shares of the company’s stock worth $195,284,000 after acquiring an additional 329,963 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.8%

NASDAQ JEPQ opened at $54.13 on Friday. The firm’s 50 day simple moving average is $57.75 and its 200 day simple moving average is $57.93. The firm has a market capitalization of $31.24 billion, a price-to-earnings 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 firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.5761 per share. The ex-dividend date was Wednesday, December 31st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) annualized dividend and a yield of 12.8%.

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.