MAI Capital Management Has $1.40 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

MAI Capital Management decreased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.1% during the third quarter, Holdings Channel.com reports. The firm owned 25,495 shares of the company’s stock after selling 2,244 shares during the period. MAI Capital Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,400,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $25,000. Beacon Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $26,000. SJS Investment Consulting Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $28,000. Hollencrest Capital Management acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $33,000. Finally, CENTRAL TRUST Co acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $56.21 on Thursday. The stock’s 50 day moving average price is $54.96 and its 200 day moving average price is $54.29. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $56.78. The company has a market capitalization of $18.14 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a $0.4936 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a yield of 10.54%.

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.