Beacon Financial Group Buys 9,729 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Beacon Financial Group increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 124.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,534 shares of the company’s stock after buying an additional 9,729 shares during the quarter. Beacon Financial Group’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after acquiring an additional 1,408,923 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after purchasing an additional 589,696 shares in the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock worth $770,489,000 after purchasing an additional 1,132,270 shares during the period. Wells Fargo & Company MN increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock worth $476,315,000 after purchasing an additional 383,927 shares during the period. Finally, Royal Bank of Canada raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after purchasing an additional 517,693 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.6%

JEPQ opened at $60.00 on Thursday. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72. The company has a 50-day simple moving average of $59.54 and a 200 day simple moving average of $58.69.

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 issued a dividend of $0.705 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%.

About JPMorgan Nasdaq Equity Premium Income ETF

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.