Smallwood Wealth Investment Management LLC Has $1.59 Million Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Smallwood Wealth Investment Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 46.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,616 shares of the company’s stock after purchasing an additional 8,744 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for 0.8% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 25th largest holding. Smallwood Wealth Investment Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $26,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $33,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $35,000. Asset Dedication LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.2% during the 2nd quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after acquiring an additional 404 shares during the period. Finally, AllSquare Wealth Management LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 59.8% during the 2nd quarter. AllSquare Wealth Management LLC now owns 802 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1%

JEPQ stock opened at $59.34 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $59.43. The business’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $56.43. The firm has a market capitalization of $32.04 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were given a $0.5532 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) annualized dividend and a dividend yield of 11.2%.

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.