Planning Directions Inc. Makes New $566,000 Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Planning Directions Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,443 shares of the company’s stock, valued at approximately $566,000.

A number of other institutional investors also recently modified their holdings of JEPQ. Hazlett Burt & Watson Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during 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 purchasing an additional 240 shares in the last quarter. TD Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $40,000. Global Wealth Strategies & Associates lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $43,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.5 %

Shares of JEPQ traded down $0.29 during trading hours on Thursday, hitting $54.56. The company had a trading volume of 5,289,907 shares, compared to its average volume of 2,756,265. The stock’s 50 day moving average price is $54.85 and its 200 day moving average price is $53.23. The firm has a market cap of $15.14 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.95 and a 52-week high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a dividend of $0.4212 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.05 annualized dividend and a dividend yield of 9.26%.

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.