Allworth Financial LP Cuts Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Allworth Financial LP reduced its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,321 shares of the company’s stock after selling 341,466 shares during the period. Allworth Financial LP owned about 0.25% of JPMorgan Nasdaq Equity Premium Income ETF worth $106,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $27,000. Sankala Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $28,000. Navalign LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $33,000. IFC & Insurance Marketing Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $35,000. Finally, Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock traded down $0.02 during mid-day trading on Tuesday, reaching $59.85. 5,140,158 shares of the company’s stock were exchanged, compared to its average volume of 6,695,039. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72. The stock’s 50 day moving average is $59.46 and its 200 day moving average is $58.87. The company has a market cap of $40.95 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

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.