Kestra Private Wealth Services LLC Has $1.14 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Kestra Private Wealth Services LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 67.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,903 shares of the company’s stock after purchasing an additional 9,243 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 17.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 145,492 shares of the company’s stock worth $6,828,000 after acquiring an additional 22,022 shares during the period. Pinnacle Associates Ltd. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 28.9% during the third quarter. Pinnacle Associates Ltd. now owns 13,810 shares of the company’s stock worth $648,000 after acquiring an additional 3,100 shares during the period. Raymond James & Associates raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 11.0% during the 3rd quarter. Raymond James & Associates now owns 682,410 shares of the company’s stock valued at $32,025,000 after purchasing an additional 67,539 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2,883.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 319,300 shares of the company’s stock valued at $14,985,000 after purchasing an additional 308,597 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 278.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 37,353 shares of the company’s stock worth $1,753,000 after purchasing an additional 27,475 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $52.75 on Friday. The firm’s 50-day moving average is $53.11 and its 200-day moving average is $50.91. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.62 and a 52-week high of $54.47. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.4311 per share. This represents a $5.17 annualized dividend and a yield of 9.81%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date is Wednesday, May 1st.

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.