Palacios Wealth Management LLC Invests $5.31 Million in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Palacios Wealth Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93,621 shares of the company’s stock, valued at approximately $5,306,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 5.7% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds also recently added to or reduced their stakes in JEPQ. Alpha Financial Partners LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $467,000. Creative Planning raised its position 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 valued at $1,297,000 after acquiring an additional 2,966 shares in the last quarter. NBC Securities Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $173,000. ERn Financial LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 54.2% in the 3rd quarter. ERn Financial LLC now owns 8,029 shares of the company’s stock worth $441,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $225,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $58.11 on Friday. The company has a 50 day moving average price of $57.29 and a 200-day moving average price of $55.38. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.67 and a 1-year high of $58.31. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.4502 dividend. The ex-dividend date was Monday, February 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.