Cherry Tree Wealth Management LLC Has $204,000 Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cherry Tree Wealth Management LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,080 shares of the company’s stock after purchasing an additional 527 shares during the period. Cherry Tree Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.0% during the third quarter. Raymond James & Associates now owns 682,410 shares of the company’s stock valued at $32,025,000 after purchasing an additional 67,539 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2,883.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 319,300 shares of the company’s stock valued at $14,985,000 after buying an additional 308,597 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $40,000. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.7% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,350 shares of the company’s stock worth $580,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Caerus Investment Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $417,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.1 %

Shares of NASDAQ JEPQ traded up $0.03 during trading on Wednesday, reaching $53.29. The company had a trading volume of 1,838,348 shares, compared to its average volume of 2,756,498. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $54.47. The stock has a market cap of $12.59 billion, a PE ratio of 32.10 and a beta of -0.84. The business’s 50-day moving average is $53.12 and its 200 day moving average is $51.06.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.4311 per share. This represents a $5.17 annualized dividend and a dividend yield of 9.71%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, May 1st.

JPMorgan Nasdaq Equity Premium Income ETF 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.