Spire Wealth Management Grows Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Spire Wealth Management grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 111.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 110,097 shares of the company’s stock after purchasing an additional 58,060 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortis Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the third quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after buying an additional 177 shares during the last quarter. Chapin Davis Inc. boosted 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 worth $1,749,000 after acquiring an additional 183 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.5% during the third quarter. Joseph P. Lucia & Associates LLC now owns 36,166 shares of the company’s stock worth $2,080,000 after acquiring an additional 192 shares during the last quarter. Parallel Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the 3rd quarter. Parallel Advisors LLC now owns 18,783 shares of the company’s stock worth $1,080,000 after acquiring an additional 193 shares during the period. Finally, KFA Private Wealth Group LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 3.8% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,475 shares of the company’s stock worth $318,000 after acquiring an additional 200 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ opened at $54.13 on Friday. 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 company has a market capitalization of $31.24 billion, a PE ratio of 32.17 and a beta of 0.83. The stock has a fifty day moving average of $57.75 and a two-hundred day moving average of $57.93.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.5761 dividend. The ex-dividend date was Wednesday, December 31st. This is an increase 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 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.