Parsons Capital Management Inc. RI Buys 2,642 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Parsons Capital Management Inc. RI boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 34.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,322 shares of the company’s stock after acquiring an additional 2,642 shares during the period. Parsons Capital Management Inc. RI’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $28,000. TD Capital Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $40,000. Global Wealth Strategies & Associates boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Roble Belko & Company Inc bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $56,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1 %

Shares of NASDAQ:JEPQ traded up $0.07 during mid-day trading on Tuesday, hitting $53.98. 297,704 shares of the company traded hands, compared to its average volume of 2,857,060. The stock has a market cap of $15.32 billion, a P/E ratio of 32.10 and a beta of -0.84. The stock has a 50-day moving average price of $54.12 and a two-hundred day moving average price of $53.54. 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 company also recently announced a monthly dividend, which was paid on Monday, August 5th. Stockholders of record on Thursday, August 1st were paid a $0.4268 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Thursday, August 1st. This represents a $5.12 annualized dividend and a dividend yield of 9.49%.

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.