Paradigm Strategies in Wealth Management LLC Acquires 9,315 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Paradigm Strategies in Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 57.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,526 shares of the company’s stock after purchasing an additional 9,315 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 1.0% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $27,000. Sankala Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. Navalign LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $58.51 on Friday. The stock’s fifty day simple moving average is $60.08 and its 200 day simple moving average is $58.69. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $53.51 and a one year high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.