LPL Financial LLC Purchases 837,415 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

LPL Financial LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,054,339 shares of the company’s stock after purchasing an additional 837,415 shares during the period. LPL Financial LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $442,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of JEPQ. Aurora Private Wealth Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% in the second quarter. Aurora Private Wealth Inc. now owns 5,256 shares of the company’s stock valued at $292,000 after purchasing an additional 189 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 58,159 shares of the company’s stock valued at $3,195,000 after buying an additional 217 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 8,147 shares of the company’s stock valued at $452,000 after buying an additional 224 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 3rd quarter. Greenwich Wealth Management LLC now owns 23,449 shares of the company’s stock worth $1,288,000 after acquiring an additional 232 shares during the period. Finally, Security National Bank boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the 2nd quarter. Security National Bank now owns 2,596 shares of the company’s stock valued at $144,000 after acquiring an additional 238 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1 %

NASDAQ:JEPQ opened at $56.21 on Thursday. The firm has a market capitalization of $18.14 billion, a PE ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $56.78. The firm has a 50-day moving average price of $55.02 and a 200 day moving average price of $54.31.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.4936 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.54%.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

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.