Raymond James & Associates Grows Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Raymond James & Associates lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 858,421 shares of the company’s stock after buying an additional 89,981 shares during the quarter. Raymond James & Associates’ holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $46,561,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $27,000. Legacy Financial Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $27,000. Hazlett Burt & Watson Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Valley National Advisers Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $31,000. Finally, Iron Horse Wealth Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.6 %

JEPQ traded up $0.85 during trading on Friday, hitting $52.75. The company’s stock had a trading volume of 2,877,048 shares, compared to its average volume of 2,759,737. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The business’s fifty day simple moving average is $53.11 and its 200 day simple moving average is $50.94. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.62 and a twelve month high of $54.47.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be paid a $0.4311 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $5.17 dividend on an annualized basis and a yield of 9.81%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.