Smith Moore & CO. Raises Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Smith Moore & CO. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,136 shares of the company’s stock after purchasing an additional 5,195 shares during the period. Smith Moore & CO.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the period. Glen Eagle Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% in the 3rd quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock worth $147,000 after acquiring an additional 188 shares during the last quarter. Fortis Advisors LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the 4th quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after acquiring an additional 198 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock valued at $282,000 after purchasing an additional 200 shares during the last quarter. Finally, Round Rock Advisors LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the fourth quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock worth $808,000 after purchasing an additional 200 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 4.9 %

JEPQ opened at $49.35 on Friday. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The firm has a 50-day moving average price of $55.13 and a 200-day moving average price of $55.76. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.67 and a twelve month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.5407 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date was Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a yield of 13.15%.

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.