Rakuten Investment Management Inc. Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Rakuten Investment Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, Holdings Channel.com reports. The fund bought 3,458,100 shares of the company’s stock, valued at approximately $211,567,000. JPMorgan Nasdaq Equity Premium Income ETF makes up 0.5% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in JEPQ. Provenance Wealth Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $2,222,000. Integras Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% during the 3rd quarter. Integras Partners LLC now owns 39,728 shares of the company’s stock worth $2,434,000 after purchasing an additional 1,275 shares during the last quarter. Putney Financial Group LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.0% during the 3rd quarter. Putney Financial Group LLC now owns 39,207 shares of the company’s stock valued at $2,402,000 after purchasing an additional 2,207 shares during the period. Integrity Alliance LLC. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $6,325,000. Finally, Integrity Advisory Solutions LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $1,200,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ opened at $56.59 on Wednesday. The company’s 50 day simple moving average is $59.93 and its 200 day simple moving average is $59.05. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The firm has a market capitalization of $41.78 billion, a P/E ratio of 32.17 and a beta of 0.83.

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.