Ring Mountain Capital LLC Purchases Shares of 31,751 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Ring Mountain Capital LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 4th quarter, Holdings Channel.com reports. The firm purchased 31,751 shares of the company’s stock, valued at approximately $1,790,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for 1.2% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock valued at $958,537,000 after acquiring an additional 1,028,135 shares during the last quarter. LPL Financial LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the third quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after acquiring an additional 837,415 shares during the last quarter. Private Advisor Group LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 76.2% in the fourth quarter. Private Advisor Group LLC now owns 1,877,026 shares of the company’s stock valued at $105,827,000 after acquiring an additional 811,640 shares during the last quarter. Hilton Capital Management LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.0% in the third quarter. Hilton Capital Management LLC now owns 1,049,043 shares of the company’s stock valued at $57,624,000 after acquiring an additional 128,831 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock valued at $56,889,000 after acquiring an additional 991,227 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $54.38 on Tuesday. The stock’s 50-day simple moving average is $57.19 and its 200 day simple moving average is $55.91. The company has a market cap of $21.41 billion, a P/E ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.67 and a 52-week high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be given a $0.4824 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

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.