30,450 Shares in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Purchased by Merit Financial Group LLC

Merit Financial Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, HoldingsChannel reports. The firm acquired 30,450 shares of the company’s stock, valued at approximately $1,717,000.

A number of other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $225,000. GAMMA Investing LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 61.9% during the 4th quarter. GAMMA Investing LLC now owns 12,800 shares of the company’s stock valued at $722,000 after purchasing an additional 4,895 shares in the last quarter. Creative Planning grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 14.4% during the 3rd quarter. Creative Planning now owns 23,608 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,966 shares in the last quarter. Franklin Resources Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 781.5% in the 3rd quarter. Franklin Resources Inc. now owns 378,370 shares of the company’s stock worth $20,844,000 after acquiring an additional 335,448 shares in the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $2,144,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.2 %

Shares of JEPQ opened at $57.27 on Tuesday. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The stock has a 50 day moving average of $56.99 and a 200-day moving average of $55.08. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $58.21.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a $0.4558 dividend. The ex-dividend date was Tuesday, December 31st.

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.