JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Bought by Mountain Capital Investment Advisors Inc.

Mountain Capital Investment Advisors Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 15.4% during the fourth quarter, HoldingsChannel reports. The firm owned 146,527 shares of the company’s stock after acquiring an additional 19,598 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.7% of Mountain Capital Investment Advisors Inc.’s investment portfolio, making the stock its 11th biggest holding. Mountain Capital Investment Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock worth $40,000 after purchasing an additional 177 shares during the period. Fortis Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 4th quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after buying an additional 198 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock valued at $282,000 after buying an additional 200 shares during the period. Round Rock Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1.4% in the fourth quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock valued at $808,000 after acquiring an additional 200 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its position 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.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 10.5 %

NASDAQ:JEPQ opened at $50.69 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54. The stock’s fifty day moving average is $53.96 and its two-hundred day moving average is $55.50. The company has a market capitalization of $22.37 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were given a $0.5407 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a yield of 12.80%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

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.