Magnus Financial Group LLC Has $3.22 Million Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Magnus Financial Group LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 29.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,092 shares of the company’s stock after buying an additional 12,869 shares during the period. Magnus Financial Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JEPQ. Cornerstone Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $225,000. GAMMA Investing LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 61.9% in the 4th quarter. GAMMA Investing LLC now owns 12,800 shares of the company’s stock worth $722,000 after purchasing an additional 4,895 shares during the last quarter. Creative Planning lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.4% during the 3rd quarter. Creative Planning now owns 23,608 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,966 shares during the period. Franklin Resources Inc. lifted its holdings in shares of 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 worth $20,844,000 after acquiring an additional 335,448 shares during the period. Finally, Granite Bay Wealth Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $2,144,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $57.99 on Wednesday. The company has a 50-day moving average of $56.99 and a 200-day moving average of $55.08. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $58.21.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.4558 per share. The ex-dividend date was Tuesday, December 31st.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.