Global Wealth Management Investment Advisory Inc. Decreases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Global Wealth Management Investment Advisory Inc. decreased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.2% during the second quarter, Holdings Channel.com reports. The fund owned 12,518 shares of the company’s stock after selling 1,572 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEPQ. ELCO Management Co. LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 3.3% during the 1st 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 holdings in shares of 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 buying an additional 207 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.7% during the second quarter. Forum Financial Management LP now owns 4,680 shares of the company’s stock worth $255,000 after buying an additional 209 shares during the period. Fortis Advisors LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.5% during the second quarter. Fortis Advisors LLC now owns 6,966 shares of the company’s stock valued at $379,000 after buying an additional 234 shares during the last quarter. Finally, AllSquare Wealth Management LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 91.6% in the 1st quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock valued at $26,000 after acquiring an additional 240 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $57.71 on Friday. The business has a fifty day moving average of $57.31 and a 200 day moving average of $54.89. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $59.42. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Monday, November 3rd were paid a $0.4755 dividend. The ex-dividend date was Monday, November 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.45. This represents a c) annualized dividend and a dividend yield of 9.9%.

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.