Westwood Holdings Group Inc. Sells 4,684 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Westwood Holdings Group Inc. decreased its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,282 shares of the company’s stock after selling 4,684 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.14% of JPMorgan Nasdaq Equity Premium Income ETF worth $18,294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $221,000. Allworth Financial LP increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 58.5% during the fourth quarter. Allworth Financial LP now owns 1,189 shares of the company’s stock valued at $59,000 after acquiring an additional 439 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the first quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock worth $367,000 after acquiring an additional 285 shares during the period. International Assets Investment Management LLC boosted its position 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 worth $1,760,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $348,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded down $1.11 during trading hours on Friday, hitting $51.14. 9,301,614 shares of the company’s stock traded hands, compared to its average volume of 2,848,047. The company has a fifty day simple moving average of $54.69 and a 200-day simple moving average of $53.49. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. 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 business also recently announced a monthly dividend, which will be paid on Monday, August 5th. Shareholders of record on Thursday, August 1st will be paid a $0.4268 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 10.01%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend is Thursday, August 1st.

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.