Kovack Advisors Inc. Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Kovack Advisors Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 61.2% during the 2nd quarter, Holdings Channel reports. The firm owned 26,556 shares of the company’s stock after buying an additional 10,083 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,445,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. AllSquare Wealth Management LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 91.6% during the 1st quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock valued at $26,000 after purchasing an additional 240 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $35,000. SVB Wealth LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at about $36,000. Bear Mountain Capital Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 31.4% during the 1st quarter. Bear Mountain Capital Inc. now owns 1,046 shares of the company’s stock valued at $54,000 after purchasing an additional 250 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 33.7% in the first quarter. Pin Oak Investment Advisors Inc. now owns 1,076 shares of the company’s stock worth $56,000 after buying an additional 271 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2%

Shares of JEPQ opened at $59.10 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $59.42. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The stock’s 50-day moving average price is $57.07 and its 200-day moving average price is $54.52.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were paid a $0.4461 dividend. The ex-dividend date was Wednesday, October 1st. 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 dividend yield of 9.1%.

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.