Concord Asset Management LLC VA Takes Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Concord Asset Management LLC VA purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the second quarter, HoldingsChannel reports. The institutional investor purchased 20,831 shares of the company’s stock, valued at approximately $1,133,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ELCO Management Co. LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% in the first quarter. ELCO Management Co. LLC now owns 6,300 shares of the company’s stock worth $326,000 after purchasing an additional 200 shares during the last quarter. WealthShield Partners LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the first quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock worth $448,000 after acquiring an additional 207 shares during the period. Interchange Capital Partners LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the first quarter. Interchange Capital Partners LLC now owns 5,878 shares of the company’s stock worth $304,000 after acquiring an additional 232 shares during the period. Institute for Wealth Management LLC. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.3% in the first quarter. Institute for Wealth Management LLC. now owns 10,502 shares of the company’s stock worth $544,000 after acquiring an additional 234 shares during the period. Finally, Fortis Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 3.5% in the second quarter. Fortis Advisors LLC now owns 6,966 shares of the company’s stock worth $379,000 after acquiring an additional 234 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 2.3%

JEPQ opened at $56.33 on Monday. The company has a market capitalization of $30.36 billion, a PE ratio of 32.17 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $58.54. The firm’s 50 day simple moving average is $56.22 and its two-hundred day simple moving average is $53.64.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were given a dividend of $0.4461 per share. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Wednesday, October 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44.

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.