Beam Wealth Advisors Inc. Acquires 27,424 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Beam Wealth Advisors Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 136.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 47,536 shares of the company’s stock after acquiring an additional 27,424 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,639,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JEPQ. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at approximately $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Navalign LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $33,000. Archer Investment Corp bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $34,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $35,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $59.45 on Thursday. The firm’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $58.66. The stock has a market cap of $39.71 billion, a PE ratio of 32.17 and a beta of 0.81. 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 company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.8%.

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.