Tradewinds LLC. Takes Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Tradewinds LLC. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,629 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JEPQ. National Bank of Canada FI acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $125,000. Franklin Resources Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 413,311 shares of the company’s stock worth $23,302,000 after purchasing an additional 34,941 shares in the last quarter. FSB Premier Wealth Management Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 225.1% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 12,325 shares of the company’s stock valued at $695,000 after buying an additional 8,534 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock valued at $28,000 after buying an additional 254 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 11.5% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 130,368 shares of the company’s stock worth $7,350,000 after buying an additional 13,426 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.3 %

Shares of JEPQ opened at $51.61 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $58.54. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The stock has a 50 day moving average of $55.43 and a 200-day moving average of $55.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5407 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date is Tuesday, April 1st. This represents a $6.49 annualized dividend and a yield of 12.57%.

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.