James Reed Financial Services Inc. Takes $22.33 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

James Reed Financial Services Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 4th quarter, Holdings Channel reports. The fund bought 395,989 shares of the company’s stock, valued at approximately $22,326,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for 23.3% of James Reed Financial Services Inc.’s holdings, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock valued at $958,537,000 after acquiring an additional 1,028,135 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock valued at $56,889,000 after acquiring an additional 991,227 shares during the last quarter. LPL Financial LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 11.6% during the 3rd quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after acquiring an additional 837,415 shares during the last quarter. Private Advisor Group LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 76.2% during the 4th quarter. Private Advisor Group LLC now owns 1,877,026 shares of the company’s stock valued at $105,827,000 after acquiring an additional 811,640 shares during the last quarter. Finally, Marks Wealth LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1,722.7% during the 4th quarter. Marks Wealth LLC now owns 519,973 shares of the company’s stock valued at $29,316,000 after acquiring an additional 491,445 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ opened at $54.38 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $47.67 and a 12 month high of $58.54. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 33.40 and a beta of -0.84. The company’s fifty day moving average price is $57.19 and its two-hundred day moving average price is $55.91.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.