Exploring JEPQ: Nasdaq Equity Premium Income ETF by JPMorgan
JEPQ - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| JEPQ | ETF | Equity Dividend ETF | Equity Premium Income | Monthly | US | 0.50% | JPMorgan |
JEPQ Overview - Nasdaq Equity Premium Income ETF Dividend
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a strategically managed fund designed to generate income surpassing the typical yield of U.S. equities while offering opportunities for principal growth consistent with prudent stock investing. This ETF allocates at least 90% of its portfolio to equity securities of companies with market capitalizations exceeding $4.0 billion, with a focus on established, dividend-paying firms based in the United States.
JEPQ's investment strategy employs a fundamental approach to select undervalued companies poised for sustained dividend growth. The fund's portfolio is segmented and managed by individual managers who exercise autonomy in their investment decisions, ensuring adequate diversification.
As of Apr 02, 2024, JEPQ reported an average yield of 1.54%, as documented by Morningstar. Investors also track JEPQ's stock price and dividend history on platforms such as TipRanks.
While past performance is not indicative of future results, JEPQ's emphasis on high-quality, dividend-paying stocks of established companies may attract investors seeking income that surpasses the broader market's average yield, coupled with potential long-term principal growth.
JEPQ - Price / Yield
JEPQ - Portfolio and Asset Allocation
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a diversified fund that focuses on large-cap, dividend-paying stocks across various sectors. Its top holdings include companies from different industries, such as technology (Microsoft Corp., Apple Inc., Nvidia Corporation), consumer cyclical (Amazon.Com, Inc., Meta Platforms, Inc.), and communication services (Alphabet Inc. Class C).
JEPQ's asset allocation strategy is designed to reinforce diversification, with significant allocations to sectors like technology (48.77%), communication services (16.33%), and consumer cyclical (15.58%). This allocation suggests a balanced approach between income generation and growth potential while managing risk through exposure to a variety of industries.
The presence of established, dividend-paying companies like Microsoft Corp., Apple Inc., and Broadcom Inc. among the top holdings underscores the fund's focus on stable investments with consistent dividend payouts. However, it's worth noting that JEPQ also has exposure to sectors like energy (0.47%) and financials (0.69%), which can be more volatile and sensitive to market conditions.
Despite these exposures, JEPQ's relatively lower allocations to risky sectors indicate a cautious approach by fund managers to avoid overexposure to potentially volatile areas.
Top 10 Holdings
As of April 23, 2024, the top 10 holdings of the Nasdaq Equity Premium Income ETF Dividend (JEPQ) are:
| Name | Weight |
|---|---|
| Microsoft Corp. | 7.48% |
| Apple Inc. | 5.75% |
| Nvidia Corporation | 5.09% |
| Amazon.Com, Inc. | 4.80% |
| Alphabet Inc. Class C | 4.43% |
| Meta Platforms, Inc. | 4.38% |
| Broadcom Inc. | 2.92% |
| Advanced Micro Devices, Inc. | 1.89% |
| Netflix | 1.72% |
| Equity Other | 17.08% |
Asset Allocation
The Nasdaq Equity Premium Income ETF Dividend (JEPQ) has the following asset allocation as of April 23, 2024:
| Sector | Weight |
|---|---|
| Technology | 48.77% |
| Communication Services | 16.33% |
| Consumer Cyclical | 15.58% |
| Healthcare | 6.87% |
| Consumer Defensive | 4.42% |
| Industrials | 4.10% |
| Basic Materials | 1.34% |
| Utilities | 1.16% |
| Financial | 0.69% |
| Energy | 0.47% |
| Real Estate | 0.27% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
JEPQ Dividend Data |
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) pays monthly dividends. The most recent ex-dividend date was on April 15, 2024, with a dividend payment of $0.25 per share on April 22, 2024. |
JEPQ Dividend Yield |
As of April 22, 2024, the 30-day SEC yield for JEPQ is 3.5%. This means that for every $100 invested in the fund, investors would receive $3.50 in dividends per year, assuming the yield remains constant. |
JEPQ Dividend History |
JEPQ has a history of paying monthly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund. |
JEPQ Dividend Growth |
JEPQ's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed. |
JEPQ Dividend Stability |
JEPQ aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of larger companies listed on the NASDAQ. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
JEPQ - Chart
JEPQ - Comparative Analysis
Let's compare JEPQ with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Apr 2024)
| JEPQ | QQQ | TDIV | |
|---|---|---|---|
| Investment Focus | High-quality, dividend-paying stocks of larger companies listed on the NASDAQ | Large-cap U.S. technology stocks | High-dividend-yielding U.S. stocks |
| Current Yield | 1.82% | 0.53% | 3.76% |
| Expense Ratio | 0.35% | 0.20% | 0.35% |
| Investment Strategy | Actively managed, focuses on attractively valued companies with consistent dividend growth potential | Passively tracks the NASDAQ-100 Index | Seeks to provide high current income by investing in dividend-paying U.S. stocks |
| Strengths | Potential for higher returns through active management, emphasis on dividend consistency and growth | Exposure to leading U.S. technology companies | High dividend yield, potential for income generation |
| Weaknesses | Higher expense ratio than passively managed funds, potentially higher volatility | Lower dividend yield compared to dividend-focused ETFs | Potential for lower total returns compared to growth-focused ETFs |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Apr 01, 2024 | $0.43 | Apr 02, 2024 | Apr 04, 2024 |
| Feb 29, 2024 | $0.38 | Mar 03, 2024 | Mar 05, 2024 |
| Jan 31, 2024 | $0.34 | Feb 01, 2024 | Feb 05, 2024 |
| Dec 27, 2023 | $0.39 | Dec 28, 2023 | Jan 02, 2024 |
| Nov 30, 2023 | $0.42 | Dec 03, 2023 | Dec 05, 2023 |
News
Technical Analysis
Additional Information and Risks
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) is an exchange-traded fund (ETF) focused on dividend investing, seeking to achieve income while maintaining operational stability. JEPQ's dividend yield, payment history, and payout ratio are key metrics for investors. As of 2024, the fund's primary benchmark is the NASDAQ-100 index. JEPQ's dividend history, including dividend date, dividend payment, and dividend amount, provides insight into its financial performance.
Investors can track JEPQ's dividend data, dividend yield range, and current dividend using tools such as dividend calculators and dividend charts. JEPQ's portfolio consists of equity-linked notes (ELNs), positively impacted by market conditions. However, investors should be aware of the fund's volatility and potential fluctuations in cash flow.
It's essential for shareholders to review JEPQ's prospectus and disclosure documents, seeking current dividend information and operational details. JEPQ's dividend summary, dividend payout, and dividend forecast can assist investors in making informed decisions. Additionally, investors may consult with analysts and subscribe to newsletters for further insight into JEPQ's performance and investment outlook. Overall, JEPQ offers investors an opportunity to invest in dividend-paying securities while managing potential risks associated with market volatility and financial liability.