Princeton Global Asset Management LLC Sells 1,496 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Princeton Global Asset Management LLC decreased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 2.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 67,315 shares of the company’s stock after selling 1,496 shares during the quarter. Princeton Global Asset Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Iron Horse Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 27.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the period. Corient Private Wealth LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $410,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,000 shares of the company’s stock worth $630,000 after purchasing an additional 3,000 shares during the period. Ironsides Asset Advisors LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 30.2% during the fourth quarter. Ironsides Asset Advisors LLC now owns 17,890 shares of the company’s stock valued at $1,009,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 42.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 63,411 shares of the company’s stock valued at $3,575,000 after buying an additional 18,917 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.7%

Shares of NASDAQ:JEPQ opened at $52.70 on Friday. The firm has a 50 day moving average of $50.84 and a 200 day moving average of $54.37. 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.

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 given a $0.6207 dividend. This represents a $7.45 annualized dividend and a dividend yield of 14.13%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. The ex-dividend date of this dividend was Monday, June 2nd.

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.