New Wave Wealth Advisors LLC Increases Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

New Wave Wealth Advisors LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,890 shares of the company’s stock after acquiring an additional 26,985 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for 3.1% of New Wave Wealth Advisors LLC’s holdings, making the stock its 6th biggest position. New Wave Wealth Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ELCO Management Co. LLC raised its holdings 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 valued at $326,000 after acquiring an additional 200 shares during the period. WealthShield Partners LLC grew its holdings 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 valued at $448,000 after buying an additional 207 shares in the last quarter. Interchange Capital Partners LLC grew its holdings 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 valued at $304,000 after buying an additional 232 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.3% in the 1st quarter. Institute for Wealth Management LLC. now owns 10,502 shares of the company’s stock valued at $544,000 after buying an additional 234 shares in the last quarter. Finally, Investment Planning Advisors Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.7% in the 1st quarter. Investment Planning Advisors Inc. now owns 34,282 shares of the company’s stock valued at $1,775,000 after buying an additional 239 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ opened at $57.20 on Thursday. The stock’s fifty day moving average price is $55.90 and its two-hundred day moving average price is $53.42. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $58.54. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st will be issued a $0.4461 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 9.4%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44.

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.