Ellis Investment Partners LLC Increases Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Ellis Investment Partners LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 2.0% during the 2nd quarter, Holdings Channel reports. The fund owned 269,227 shares of the company’s stock after buying an additional 5,344 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 2.8% of Ellis Investment Partners LLC’s portfolio, making the stock its 8th largest holding. Ellis Investment Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $14,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Pacific Financial bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth approximately $25,000. AllSquare Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 91.6% in the first quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock worth $26,000 after acquiring an additional 240 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 111.3% in the first quarter. Valley National Advisers Inc. now owns 581 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth approximately $34,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $35,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $56.33 on Monday. The business’s 50 day simple moving average is $56.22 and its two-hundred day simple moving average is $53.64. The firm has a market cap of $30.36 billion, a P/E ratio of 32.17 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 announced a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a $0.4461 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date was Wednesday, October 1st.

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.