Paradigm Strategies in Wealth Management LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Paradigm Strategies in Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,936 shares of the company’s stock, valued at approximately $1,011,000. JPMorgan Nasdaq Equity Premium Income ETF makes up about 0.7% of Paradigm Strategies in Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position.

Several other large investors also recently modified their holdings of JEPQ. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock worth $958,537,000 after buying an additional 1,028,135 shares during the last quarter. LPL Financial LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the 3rd quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock worth $442,425,000 after purchasing an additional 837,415 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after purchasing an additional 3,029,552 shares in the last quarter. RiverFront Investment Group LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the second quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock worth $124,476,000 after purchasing an additional 105,765 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 47.5% in the second quarter. Cetera Investment Advisers now owns 1,550,879 shares of the company’s stock worth $86,074,000 after purchasing an additional 499,083 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 2.0 %

Shares of NASDAQ JEPQ opened at $56.85 on Thursday. The stock’s 50 day moving average price is $56.96 and its two-hundred day moving average price is $55.05. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.67 and a 52-week high of $58.21. The stock has a market capitalization of $21.40 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. Investors of record on Tuesday, December 31st were given a dividend of $0.4558 per share. The ex-dividend date was Tuesday, December 31st.

About JPMorgan Nasdaq Equity Premium Income ETF

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.