Assetmark Inc. Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Assetmark Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 20.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,954 shares of the company’s stock after buying an additional 12,665 shares during the period. Assetmark Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ELCO Management Co. LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% in the 1st quarter. ELCO Management Co. LLC now owns 6,300 shares of the company’s stock worth $326,000 after acquiring an additional 200 shares during the last quarter. WealthShield Partners LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the 1st quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock worth $448,000 after acquiring an additional 207 shares during the last quarter. Forum Financial Management LP increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.7% in the 2nd quarter. Forum Financial Management LP now owns 4,680 shares of the company’s stock worth $255,000 after acquiring an additional 209 shares during the last quarter. Interchange Capital Partners LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 1st quarter. Interchange Capital Partners LLC now owns 5,878 shares of the company’s stock worth $304,000 after acquiring an additional 232 shares during the last quarter. Finally, Fortis Advisors LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 3.5% in the 2nd quarter. Fortis Advisors LLC now owns 6,966 shares of the company’s stock worth $379,000 after acquiring an additional 234 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.6%

Shares of NASDAQ JEPQ opened at $58.77 on Tuesday. The firm has a market capitalization of $31.93 billion, a P/E ratio of 32.17 and a beta of 0.83. The stock’s 50-day simple moving average is $57.14 and its two-hundred day simple moving average is $54.66. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Monday, November 3rd will be paid a $0.4755 dividend. The ex-dividend date is Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 9.7%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.45.

About JPMorgan Nasdaq Equity Premium Income ETF

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.