Drive Wealth Management LLC Purchases New Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Drive Wealth Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,737 shares of the company’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds also recently modified their holdings of JEPQ. US Bancorp DE boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 64.9% in the first quarter. US Bancorp DE now owns 11,134 shares of the company’s stock valued at $604,000 after purchasing an additional 4,381 shares during the period. Owen LaRue LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.2% during the first quarter. Owen LaRue LLC now owns 39,786 shares of the company’s stock valued at $2,158,000 after acquiring an additional 6,676 shares in the last quarter. InterOcean Capital Group LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 49.6% during the first quarter. InterOcean Capital Group LLC now owns 88,046 shares of the company’s stock worth $4,776,000 after acquiring an additional 29,196 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 94.9% in the first quarter. CreativeOne Wealth LLC now owns 11,779 shares of the company’s stock worth $639,000 after acquiring an additional 5,735 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at about $342,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.6 %

JEPQ stock opened at $55.61 on Monday. The stock’s 50 day moving average is $54.80 and its two-hundred day moving average is $54.22. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.67 and a 52-week high of $56.78. The company has a market capitalization of $17.94 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a $0.4936 dividend. This represents a $5.92 annualized dividend and a dividend yield of 10.65%. The ex-dividend date was Friday, November 1st.

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.