JPMorgan Nasdaq Equity Premium Income ETF $JEPQ Shares Sold by Three Magnolias Financial Advisors LLC

Three Magnolias Financial Advisors LLC lessened its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,008 shares of the company’s stock after selling 22,170 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises about 5.8% of Three Magnolias Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Three Magnolias Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $9,741,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in 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. Adams Asset Advisors LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 56.6% during the 3rd quarter. Adams Asset Advisors LLC now owns 2,205,299 shares of the company’s stock valued at $135,097,000 after purchasing an additional 797,239 shares during the period. Royal Bank of Canada lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the 1st 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 during the period. Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,336,966 shares of the company’s stock valued at $266,550,000 after purchasing an additional 327,859 shares during the last quarter. Finally, PVG Asset Management Corp boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 444.9% in the 1st quarter. PVG Asset Management Corp now owns 280,457 shares of the company’s stock valued at $17,158,000 after purchasing an additional 228,985 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.3%

Shares of NASDAQ:JEPQ traded down $0.81 during trading on Wednesday, hitting $60.12. 3,764,378 shares of the company’s stock were exchanged, compared to its average volume of 6,532,531. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72. The firm has a 50-day moving average price of $60.22 and a two-hundred day moving average price of $59.46. The firm has a market cap of $43.91 billion, a P/E 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.