Woodmont Investment Counsel LLC Purchases New Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Woodmont Investment Counsel LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 4,054 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after acquiring an additional 2,805,860 shares in the last quarter. LPL Financial LLC grew its holdings 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 valued at $502,591,000 after purchasing an additional 860,019 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $445,968,000 after purchasing an additional 1,085,222 shares during the period. Wells Fargo & Company MN grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after purchasing an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after purchasing an additional 8,393 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.2%

Shares of JEPQ opened at $52.75 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $58.54. The stock’s 50 day moving average is $51.69 and its two-hundred day moving average is $54.07. The firm has a market cap of $24.64 billion, a P/E ratio of 30.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were issued a $0.6207 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 annualized dividend and a yield of 14.12%. The ex-dividend date 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.