Drive Wealth Management LLC Makes New $1.19 Million Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Drive Wealth Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,737 shares of the company’s stock, valued at approximately $1,194,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $25,000. Beacon Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $28,000. Hollencrest Capital Management acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $33,000. Finally, CENTRAL TRUST Co bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ opened at $55.61 on Monday. The firm has a market capitalization of $17.94 billion, a P/E ratio of 32.10 and a beta of -0.84. The business has a 50 day simple moving average of $54.80 and a 200 day simple moving average of $54.22. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $56.78.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4936 per share. This represents a $5.92 annualized dividend and a dividend yield of 10.65%. The ex-dividend date of this dividend was Friday, November 1st.

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.