M Holdings Securities Inc. Purchases 3,924 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

M Holdings Securities Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 20.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,118 shares of the company’s stock after buying an additional 3,924 shares during the quarter. M Holdings Securities Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JEPQ. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after acquiring an additional 2,805,860 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after purchasing an additional 860,019 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after buying an additional 498,270 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock worth $182,733,000 after buying an additional 8,393 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $174,675,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.8 %

Shares of JEPQ stock opened at $49.93 on Tuesday. The firm has a market capitalization of $22.42 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The stock has a fifty day moving average of $53.51 and a 200 day moving average of $55.39. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a dividend yield of 12.99%.

JPMorgan Nasdaq Equity Premium Income ETF 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.