Wed Oct 02 16:54:55 UTC 2024: ## RiverFront Investment Group Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF
**October 2nd, 2024** – RiverFront Investment Group LLC, a prominent investment firm, increased its holdings in the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) by 4.9% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 2,242,816 shares of JEPQ, representing 3.3% of its portfolio.
JEPQ is an exchange-traded fund (ETF) focused on investing in large-cap US companies from the Nasdaq-100 Index. It employs an actively managed approach, utilizing ESG (Environmental, Social, and Governance) factors and a proprietary data science driven strategy.
The recent move by RiverFront Investment Group follows similar activity by other institutional investors. Notably, Beacon Capital Management LLC and SJS Investment Consulting Inc. both acquired new positions in JEPQ during the second quarter, while Global Wealth Strategies & Associates boosted its stake in the ETF during the first quarter.
JEPQ opened at $53.95 on Wednesday, with a 52-week low of $44.95 and a 52-week high of $56.18. The ETF’s market cap currently sits at $15.32 billion, with a PE ratio of 32.10 and a beta of -0.84.
The increased interest from institutional investors suggests a growing confidence in JEPQ’s strategy and performance, particularly amidst current market conditions.
First Piper 