Chung Wu Investment Group LLC Invests $2.30 Million in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Chung Wu Investment Group LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 40,866 shares of the company’s stock, valued at approximately $2,304,000. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 2.3% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPQ. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock worth $958,537,000 after buying an additional 1,028,135 shares in the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the third quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after buying an additional 837,415 shares during the period. Raymond James Financial Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at about $174,675,000. Private Advisor Group LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 76.2% in the 4th quarter. Private Advisor Group LLC now owns 1,877,026 shares of the company’s stock valued at $105,827,000 after buying an additional 811,640 shares during the period. Finally, Hilton Capital Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.0% during the third quarter. Hilton Capital Management LLC now owns 1,049,043 shares of the company’s stock worth $57,624,000 after purchasing an additional 128,831 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.2 %

Shares of JEPQ stock opened at $54.83 on Thursday. The firm’s fifty day moving average price is $57.04 and its two-hundred day moving average price is $55.90. The firm has a market capitalization of $21.59 billion, a P/E ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $47.67 and a 1 year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.4824 per share. The ex-dividend date was Monday, March 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

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.