PFG Advisors Buys 17,842 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

PFG Advisors raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 48.5% in the 1st quarter, HoldingsChannel reports. The firm owned 54,657 shares of the company’s stock after acquiring an additional 17,842 shares during the quarter. PFG Advisors’ holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Pacific Financial bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at $25,000. Future Financial Wealth Managment LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth $26,000. O Shaughnessy Asset Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after acquiring an additional 254 shares during the last quarter. Capital A Wealth Management LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $29,000. Finally, Valley National Advisers Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 111.3% during the 1st quarter. Valley National Advisers Inc. now owns 581 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $54.77 on Wednesday. The firm’s fifty day moving average price is $53.21 and its two-hundred day moving average price is $53.60. The company has a market capitalization of $28.23 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were given a $0.4942 dividend. This represents a $5.93 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend was Tuesday, July 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.