Independence Bank of Kentucky Sells 9,800 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Independence Bank of Kentucky cut its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 93.2% during the 4th quarter, Holdings Channel reports. The fund owned 720 shares of the company’s stock after selling 9,800 shares during the period. Independence Bank of Kentucky’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 28.3% in the fourth quarter. Signaturefd LLC now owns 5,281 shares of the company’s stock worth $307,000 after acquiring an additional 1,164 shares during the period. Princeton Global Asset Management LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 68,172 shares of the company’s stock worth $3,962,000 after acquiring an additional 286 shares during the period. Savvy Advisors Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 69.3% in the fourth quarter. Savvy Advisors Inc. now owns 13,726 shares of the company’s stock worth $798,000 after acquiring an additional 5,617 shares during the period. Stratos Wealth Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 11.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 58,631 shares of the company’s stock worth $3,408,000 after acquiring an additional 5,798 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 29.5% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,898 shares of the company’s stock worth $575,000 after acquiring an additional 2,257 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

JEPQ opened at $55.92 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $60.14. The company has a market capitalization of $34.61 billion, a PE ratio of 32.17 and a beta of 0.83. The firm’s 50 day simple moving average is $57.33 and its two-hundred day simple moving average is $57.88.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a $0.5586 dividend. The ex-dividend date was Wednesday, April 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51. This represents a c) annualized dividend and a yield of 12.0%.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.