Geneos Wealth Management Inc. Buys 22,486 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Geneos Wealth Management Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 21.2% in the first quarter, Holdings Channel reports. The firm owned 128,343 shares of the company’s stock after acquiring an additional 22,486 shares during the quarter. Geneos Wealth Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JEPQ. Morgan Stanley raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after purchasing an additional 1,408,923 shares in the last quarter. LPL Financial LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after buying an additional 589,696 shares in the last quarter. Bank of America Corp DE increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock worth $678,061,000 after buying an additional 651,461 shares during the last quarter. Wells Fargo & Company MN raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock worth $476,315,000 after acquiring an additional 383,927 shares in the last quarter. Finally, Royal Bank of Canada raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 3.4% during the fourth quarter. Royal Bank of Canada now owns 4,088,702 shares of the company’s stock worth $237,636,000 after acquiring an additional 134,367 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $59.26 on Friday. The company has a fifty day moving average price of $60.11 and a two-hundred day moving average price of $58.70. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $53.51 and a one year high of $61.72. The stock has a market cap of $39.55 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.6366 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date was Wednesday, July 1st.

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.