Wed Sep 25 08:47:29 UTC 2024: ## Renaissance Technologies Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF

**New York, NY – September 25, 2024** – Renaissance Technologies LLC, the renowned quantitative investment firm, boosted its holdings in the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) by 25.1% during the second quarter, according to its latest 13F filing. The firm now owns 152,036 shares, representing a $8.44 million stake.

This move follows a trend of increased interest in JEPQ from other major investors. Perissos Private Wealth Management LLC significantly increased its stake by 94.7%, while J.W. Cole Advisors Inc. and Envestnet Asset Management Inc. also boosted their holdings. Wealthspire Advisors LLC entered a new position in the ETF during the quarter, while Thoroughbred Financial Services LLC saw a 3.3% increase in its stake.

JEPQ, which trades on the NASDAQ exchange, opened at $54.71 on Wednesday. It boasts a market cap of $15.53 billion, a PE ratio of 32.10, and a beta of -0.84. The ETF’s 12-month low was $44.95, while its 12-month high reached $56.18. Its 50-day moving average price stands at $53.07, while its 200-day moving average price is $53.70.

JEPQ is an actively-managed exchange-traded fund primarily focused on large-cap US equities from the Nasdaq-100 Index. The fund employs ESG factors and proprietary data science techniques to guide its investment decisions.

This increased interest in JEPQ suggests a growing confidence in the fund’s ability to deliver consistent returns in the current market environment. It remains to be seen whether this trend will continue as investors navigate an increasingly uncertain landscape.

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