Cadence Bank Acquires 30,782 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cadence Bank grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 750.8% in the fourth quarter, HoldingsChannel reports. The fund owned 34,882 shares of the company’s stock after purchasing an additional 30,782 shares during the quarter. Cadence Bank’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Mainstream Capital Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $28,000. O Shaughnessy Asset Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the period. Crewe Advisors LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after buying an additional 309 shares during the period. Pinnacle Bancorp Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth $31,000. Finally, Kestra Investment Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.0 %

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $48.74 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54. The stock’s 50-day simple moving average is $53.01 and its 200-day simple moving average is $55.27. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.5407 dividend. This represents a $6.49 annualized dividend and a yield of 13.31%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st.

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.