Wealthcare Advisory Partners LLC Takes $2.72 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Wealthcare Advisory Partners LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 50,090 shares of the company’s stock, valued at approximately $2,717,000.

Several other hedge funds have also modified their holdings of JEPQ. Hazlett Burt & Watson Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 36.4% in the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock valued at $37,000 after buying an additional 240 shares in the last quarter. Panoramic Investment Advisors LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.0% in the fourth quarter. Panoramic Investment Advisors LLC now owns 12,550 shares of the company’s stock valued at $627,000 after buying an additional 250 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 48,122 shares of the company’s stock valued at $2,404,000 after buying an additional 280 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2 %

JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.13 during midday trading on Thursday, reaching $55.62. The company’s stock had a trading volume of 573,622 shares, compared to its average volume of 2,678,263. The business has a 50-day simple moving average of $53.82 and a 200-day simple moving average of $52.64. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.95 and a fifty-two week high of $55.63. The company has a market cap of $13.14 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, June 3rd were given a dividend of $0.4497 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 9.70%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

JPMorgan Nasdaq Equity Premium Income ETF 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.