Wealth Effects LLC Cuts Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Wealth Effects LLC reduced its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 20.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,334 shares of the company’s stock after selling 7,955 shares during the period. Wealth Effects LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,622,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Pacific Financial purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $25,000. O Shaughnessy Asset Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after buying an additional 254 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $26,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $29,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $53.90 on Thursday. The stock has a market cap of $27.20 billion, a P/E ratio of 32.17 and a beta of 0.85. The stock’s 50 day simple moving average is $51.94 and its 200-day simple moving average is $54.02. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.6207 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 annualized dividend and a dividend yield of 13.82%. 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.