DAVENPORT & Co LLC Cuts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

DAVENPORT & Co LLC lowered its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,924 shares of the company’s stock after selling 5,716 shares during the period. DAVENPORT & Co LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its position in 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 acquiring an additional 86,045,601 shares in the last quarter. JPMorgan Chase & Co. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 22,135,873 shares of the company’s stock valued at $1,146,197,000 after acquiring an additional 1,879,853 shares in the last quarter. LPL Financial LLC lifted 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 acquiring an additional 1,936,707 shares in the last quarter. Raymond James Financial Inc. lifted its position 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 acquiring an additional 720,369 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,382,816 shares of the company’s stock valued at $175,162,000 after acquiring an additional 141,724 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

JEPQ stock opened at $57.66 on Thursday. The stock has a market capitalization of $31.10 billion, a PE ratio of 32.17 and a beta of -0.84. 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 simple moving average is $56.12 and its 200 day simple moving average is $53.59.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.4461 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44.

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.