JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,764 shares of the company’s stock after buying an additional 1,590 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPQ. Comerica Bank grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 30.2% during the 1st quarter. Comerica Bank now owns 75,489 shares of the company’s stock worth $4,095,000 after purchasing an additional 17,500 shares in the last quarter. Concourse Financial Group Securities Inc. grew its position in shares of 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 buying an additional 285 shares in the last quarter. Raymond James & Associates increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after buying an additional 303,680 shares during the period. Western Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% in the second quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $798,000 after acquiring an additional 1,893 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth approximately $382,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.4 %

Shares of JEPQ stock opened at $53.75 on Friday. The company has a market cap of $15.26 billion, a P/E ratio of 32.10 and a beta of -0.84. The firm has a fifty day moving average price of $53.32 and a 200 day moving average price of $53.65. 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 was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a $0.5569 dividend. 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 was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 12.43%.

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.