KFG Wealth Management LLC Buys 9,617 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

KFG Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 44.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 31,445 shares of the company’s stock after acquiring an additional 9,617 shares during the period. KFG Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $174,675,000. JPMorgan Chase & Co. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after buying an additional 2,805,860 shares in the last quarter. Bank of America Corp DE raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after buying an additional 1,085,222 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in 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 worth $56,889,000 after buying an additional 991,227 shares in the last quarter. Finally, LPL Financial LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after buying an additional 860,019 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.7%

Shares of NASDAQ:JEPQ opened at $52.70 on Friday. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 30.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54. The firm has a 50 day moving average of $50.84 and a 200 day moving average of $54.37.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were given a dividend of $0.6207 per share. The ex-dividend date was Monday, June 2nd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 dividend on an annualized basis and a dividend yield of 14.13%.

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.