Axxcess Wealth Management LLC Increases Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Axxcess Wealth Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 109.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 177,924 shares of the company’s stock after buying an additional 93,024 shares during the quarter. Axxcess Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $10,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 589,440 shares of the company’s stock worth $34,258,000 after acquiring an additional 5,278 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 28.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 71,043 shares of the company’s stock valued at $4,129,000 after buying an additional 15,668 shares in the last quarter. Goldenstone Wealth Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $226,000. Global Retirement Partners LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.9% in the fourth quarter. Global Retirement Partners LLC now owns 44,323 shares of the company’s stock valued at $2,576,000 after buying an additional 5,408 shares in the last quarter. Finally, Great Diamond Partners LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $964,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ opened at $60.21 on Friday. The firm has a 50 day simple moving average of $57.88 and a 200-day simple moving average of $58.16. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $51.71 and a 1-year high of $60.32. The stock has a market cap of $38.08 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were paid a $0.591 dividend. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend was Friday, May 1st.

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.