Mechanics Bank Trust Department Raises Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Mechanics Bank Trust Department boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 7.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 154,254 shares of the company’s stock after acquiring an additional 11,312 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.2% of Mechanics Bank Trust Department’s holdings, making the stock its 22nd biggest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JEPQ. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $28,000. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $33,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.3%

NASDAQ:JEPQ opened at $59.38 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The stock has a 50 day moving average of $59.65 and a two-hundred day moving average of $58.66. The firm has a market cap of $40.63 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a $0.705 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend was Monday, August 3rd.

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.