Concorde Asset Management LLC Makes New $211,000 Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Concorde Asset Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,850 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $25,000. Beacon Capital Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $26,000. SJS Investment Consulting Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $28,000. Hollencrest Capital Management bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $33,000. Finally, CENTRAL TRUST Co bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock opened at $56.57 on Friday. The company has a market capitalization of $18.25 billion, a P/E ratio of 32.10 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 $56.78. The business has a 50-day simple moving average of $55.08 and a two-hundred day simple moving average of $54.32.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a dividend of $0.4936 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a yield of 10.47%.

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.