Avaii Wealth Management LLC Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Avaii Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 17.5% in the fourth quarter, Holdings Channel reports. The fund owned 18,225 shares of the company’s stock after purchasing an additional 2,717 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 0.5% of Avaii Wealth Management LLC’s portfolio, making the stock its 28th largest position. Avaii Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPQ. Cornerstone Wealth Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $225,000. GAMMA Investing LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 61.9% in the fourth quarter. GAMMA Investing LLC now owns 12,800 shares of the company’s stock worth $722,000 after buying an additional 4,895 shares in the last quarter. Creative Planning lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 14.4% during the third quarter. Creative Planning now owns 23,608 shares of the company’s stock worth $1,297,000 after buying an additional 2,966 shares during the period. Franklin Resources Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 781.5% during the 3rd quarter. Franklin Resources Inc. now owns 378,370 shares of the company’s stock valued at $20,844,000 after acquiring an additional 335,448 shares in the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $2,144,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ opened at $58.07 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.67 and a 1-year high of $58.31. The business has a fifty day moving average price of $57.12 and a 200 day moving average price of $55.14. The stock has a market capitalization of $22.27 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were given a dividend of $0.4558 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.