HighTower Advisors LLC Decreases Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

HighTower Advisors LLC reduced its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 840,622 shares of the company’s stock after selling 63,752 shares during the period. HighTower Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $48,857,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JEPQ. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $33,000. Cerity Partners LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after buying an additional 20,946 shares during the last quarter. Diversify Advisory Services LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after buying an additional 2,045 shares during the last quarter. Diversify Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the second quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after buying an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $60.11 on Friday. The stock has a 50-day moving average of $57.83 and a two-hundred day moving average of $58.15. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $51.71 and a one year high of $60.15. The stock has a market cap of $38.02 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were paid a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 11.8%.

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.