GC Wealth Management RIA LLC Trims Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

GC Wealth Management RIA LLC reduced its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 73.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,055 shares of the company’s stock after selling 48,391 shares during the quarter. GC Wealth Management RIA LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $947,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares during the period. Morgan Stanley lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the fourth 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. Equitable Holdings Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after buying an additional 1,231,809 shares during the period. LPL Financial LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after buying an additional 589,696 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.5% in the second quarter. Ameriprise Financial Inc. now owns 3,693,167 shares of the company’s stock valued at $201,043,000 after buying an additional 496,258 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.0%

Shares of NASDAQ JEPQ opened at $57.96 on Friday. The stock has a market capitalization of $39.11 billion, a PE ratio of 32.17 and a beta of 0.81. 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 simple moving average of $59.99 and a 200-day simple moving average of $58.71.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. 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.