Morse Asset Management Inc Grows Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Morse Asset Management Inc lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 48.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,145 shares of the company’s stock after purchasing an additional 3,645 shares during the period. Morse Asset Management Inc’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valmark Advisers Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $221,000. Allworth Financial LP boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 58.5% in the fourth quarter. Allworth Financial LP now owns 1,189 shares of the company’s stock valued at $59,000 after purchasing an additional 439 shares during the period. Concourse Financial Group Securities Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the first quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock valued at $367,000 after purchasing an additional 285 shares during the period. International Assets Investment Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.9% in the fourth quarter. International Assets Investment Management LLC now owns 35,252 shares of the company’s stock valued at $1,760,000 after purchasing an additional 2,268 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $348,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.9 %

NASDAQ:JEPQ traded up $0.48 during midday trading on Friday, reaching $52.96. The company had a trading volume of 3,234,807 shares, compared to its average volume of 2,781,307. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The stock’s fifty day simple moving average is $54.86 and its 200-day simple moving average is $53.46. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a $0.4212 dividend. 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 dividend on an annualized basis and a yield of 9.54%.

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.