Gateway Wealth Partners LLC Raises Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Gateway Wealth Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 172.1% during the first quarter, HoldingsChannel.com reports. The fund owned 147,630 shares of the company’s stock after purchasing an additional 93,376 shares during the quarter. Gateway Wealth Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,196,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GM Advisory Group LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock valued at $1,084,000 after purchasing an additional 170 shares in the last quarter. Howard Wealth Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock worth $214,000 after purchasing an additional 173 shares in the last quarter. Red Mountain Financial LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock worth $237,000 after purchasing an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after buying an additional 176 shares during the period. Finally, CPC Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the fourth quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock worth $1,639,000 after buying an additional 178 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $57.96 on Monday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $53.51 and a 1 year high of $61.72. The firm has a market cap of $39.09 billion, a P/E ratio of 32.17 and a beta of 0.81. The stock has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $58.71.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.6366 dividend. This represents a c) dividend on an annualized basis and a yield of 13.2%. 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.