Silver Oak Securities Incorporated Has $2.26 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Silver Oak Securities Incorporated raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 34.7% in the fourth quarter, HoldingsChannel reports. The fund owned 45,288 shares of the company’s stock after purchasing an additional 11,674 shares during the quarter. Silver Oak Securities Incorporated’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. RiverFront Investment Group LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.1% in the fourth quarter. RiverFront Investment Group LLC now owns 1,976,049 shares of the company’s stock valued at $98,663,000 after acquiring an additional 21,597 shares during the period. Principle Wealth Partners LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 8.8% in the fourth quarter. Principle Wealth Partners LLC now owns 82,225 shares of the company’s stock valued at $4,106,000 after acquiring an additional 6,631 shares during the period. Transcend Capital Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $1,230,000. Consolidated Planning Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $890,000. Finally, Valmark Advisers Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $221,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.4 %

Shares of NASDAQ:JEPQ traded up $0.72 during mid-day trading on Friday, hitting $52.66. 3,636,418 shares of the company traded hands, compared to its average volume of 2,738,557. The stock has a market cap of $12.30 billion, a P/E ratio of 33.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.62 and a 12-month high of $54.47. The stock has a 50-day moving average price of $53.14 and a two-hundred day moving average price of $50.78.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.4273 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Monday, April 1st. This represents a $5.13 annualized dividend and a dividend yield of 9.74%.

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.