Valmark Advisers Inc. Makes New $3.44 Million Investment in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Valmark Advisers Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, HoldingsChannel reports. The fund bought 56,141 shares of the company’s stock, valued at approximately $3,439,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JEPQ. Bank of America Corp DE lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock worth $770,489,000 after buying an additional 1,132,270 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the 1st quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after buying an additional 517,693 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,336,966 shares of the company’s stock valued at $266,550,000 after buying an additional 327,859 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $211,567,000. Finally, Cetera Investment Advisers grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 3,035,644 shares of the company’s stock valued at $168,539,000 after buying an additional 204,154 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.0%

JEPQ traded down $0.59 on Friday, hitting $56.19. 5,358,900 shares of the company’s stock were exchanged, compared to its average volume of 6,697,923. The firm has a market cap of $42.09 billion, a PE ratio of 25.45 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72. The stock has a fifty day moving average of $59.30 and a two-hundred day moving average of $58.93.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.