Citizens Financial Group Inc. RI Increases Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Citizens Financial Group Inc. RI increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 48.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,249 shares of the company’s stock after acquiring an additional 3,981 shares during the period. Citizens Financial Group Inc. RI’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPQ. Kingstone Capital Partners Texas LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 99,863.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 86,131,764 shares of the company’s stock valued at $4,615,759,000 after purchasing an additional 86,045,601 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 22,135,873 shares of the company’s stock worth $1,146,197,000 after purchasing an additional 1,879,853 shares during the period. LPL Financial LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 21.7% in the 1st quarter. LPL Financial LLC now owns 10,851,065 shares of the company’s stock valued at $561,868,000 after buying an additional 1,936,707 shares during the last quarter. Raymond James Financial Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 23.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,818,537 shares of the company’s stock valued at $197,724,000 after buying an additional 720,369 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,506,075 shares of the company’s stock worth $190,731,000 after buying an additional 123,259 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.1%

Shares of NASDAQ:JEPQ opened at $56.77 on Wednesday. The company has a market cap of $30.66 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The firm’s 50-day simple moving average is $57.64 and its 200-day simple moving average is $55.26. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, November 3rd were issued a $0.4755 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 10.1%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.45.

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.