Three Magnolias Financial Advisors LLC Buys 10,633 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Three Magnolias Financial Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,560 shares of the company’s stock after acquiring an additional 10,633 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up about 7.0% of Three Magnolias Financial Advisors LLC’s holdings, making the stock its 2nd biggest holding. Three Magnolias Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $10,969,000 at the end of the most recent reporting period.

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $59.42 on Monday. The stock’s 50-day simple moving average is $59.81 and its 200-day simple moving average is $58.56. The firm has a market capitalization of $37.58 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

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.