Lake Street Private Wealth LLC Boosts Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Lake Street Private Wealth LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,762 shares of the company’s stock after buying an additional 3,791 shares during the quarter. Lake Street Private Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JEPQ. JPMorgan Chase & Co. lifted its stake 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 worth $958,537,000 after acquiring an additional 1,028,135 shares during the period. Golden State Equity Partners purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $206,000. Greenleaf Trust purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $226,000. CENTRAL TRUST Co raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 256.2% in the 4th quarter. CENTRAL TRUST Co now owns 3,095 shares of the company’s stock worth $174,000 after purchasing an additional 2,226 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $231,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

NASDAQ:JEPQ opened at $52.53 on Thursday. The business’s fifty day moving average price is $50.81 and its 200 day moving average price is $54.41. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $58.54. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of 30.29 and a beta of 0.85.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.6207 per share. This represents a $7.45 annualized dividend and a dividend yield of 14.18%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60.

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.