Sovereign Financial Group Inc. Invests $216,000 in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Sovereign Financial Group Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the second quarter, Holdings Channel.com reports. The firm purchased 3,970 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also made changes to their positions in JEPQ. San Luis Wealth Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the 2nd quarter. San Luis Wealth Advisors LLC now owns 50,236 shares of the company’s stock worth $2,733,000 after purchasing an additional 3,047 shares during the last quarter. Blodgett Wealth Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth approximately $331,000. US Bancorp DE lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 11.7% in the 1st quarter. US Bancorp DE now owns 28,482 shares of the company’s stock worth $1,475,000 after purchasing an additional 2,978 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 12.9% in the 1st quarter. Howard Capital Management Inc. now owns 376,654 shares of the company’s stock worth $19,503,000 after purchasing an additional 43,049 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 18.2% in the 2nd quarter. Focus Financial Network Inc. now owns 12,284 shares of the company’s stock worth $668,000 after purchasing an additional 1,895 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ opened at $56.33 on Monday. The business has a 50 day moving average price of $56.22 and a 200 day moving average price of $53.64. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54. The firm has a market cap of $30.36 billion, a P/E ratio of 32.17 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were issued a $0.4461 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 9.5%.

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.