SVB Wealth LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

SVB Wealth LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 703 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. B&D White Capital Company LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth approximately $14,900,000. Cadence Bank boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 53.9% in the first quarter. Cadence Bank now owns 53,672 shares of the company’s stock worth $2,779,000 after buying an additional 18,790 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 23.6% in the first quarter. Smartleaf Asset Management LLC now owns 40,558 shares of the company’s stock worth $2,101,000 after buying an additional 7,732 shares in the last quarter. Caitlin John LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 48.4% in the first quarter. Caitlin John LLC now owns 4,643 shares of the company’s stock worth $240,000 after buying an additional 1,514 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 90.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 156,795 shares of the company’s stock worth $8,119,000 after buying an additional 74,538 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ opened at $55.87 on Thursday. The firm has a market cap of $29.19 billion, a P/E ratio of 32.17 and a beta of -0.84. The stock has a 50 day simple moving average of $54.71 and a two-hundred day simple moving average of $53.28. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, August 1st were given a $0.4438 dividend. The ex-dividend date was Friday, August 1st. This represents a c) annualized dividend and a yield of 9.5%.

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.