Paladin Advisory Group LLC Cuts Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Paladin Advisory Group LLC decreased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.9% during the second quarter, Holdings Channel reports. The firm owned 38,852 shares of the company’s stock after selling 5,746 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.6% of Paladin Advisory Group LLC’s holdings, making the stock its 21st biggest position. Paladin Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPQ. AllSquare Wealth Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 91.6% in the first quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock worth $26,000 after purchasing an additional 240 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $35,000. SVB Wealth LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth about $36,000. Bear Mountain Capital Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.4% in the 1st quarter. Bear Mountain Capital Inc. now owns 1,046 shares of the company’s stock worth $54,000 after acquiring an additional 250 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.7% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 1,076 shares of the company’s stock valued at $56,000 after buying an additional 271 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $58.54 on Thursday. The firm has a 50-day simple moving average of $57.24 and a 200-day simple moving average of $54.76. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.31 and a one year high of $59.42. The firm has a market cap of $31.61 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Monday, November 3rd were issued a $0.4755 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 9.7%.

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.