Galvin Gaustad & Stein LLC Sells 7,000 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Galvin Gaustad & Stein LLC cut its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 40.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,500 shares of the company’s stock after selling 7,000 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $571,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Pacific Financial bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth about $25,000. AllSquare Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 91.6% during the first quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 111.3% during the first quarter. Valley National Advisers Inc. now owns 581 shares of the company’s stock worth $30,000 after buying an additional 306 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth about $34,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $35,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $57.63 on Friday. The company has a market cap of $31.17 billion, a PE ratio of 32.17 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $58.54. The stock has a 50-day simple moving average of $56.17 and a 200 day simple moving average of $53.61.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

About JPMorgan Nasdaq Equity Premium Income ETF

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.