Pin Oak Investment Advisors Inc. Purchases 1,201 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Pin Oak Investment Advisors Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 111.6% in the second quarter, Holdings Channel.com reports. The firm owned 2,277 shares of the company’s stock after purchasing an additional 1,201 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AllSquare Wealth Management LLC lifted its stake in 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 during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $35,000. SVB Wealth LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $36,000. NorthRock Partners LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $59,000. Finally, SouthState Corp purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at $72,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7%

JEPQ stock opened at $57.43 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $59.42. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The business’s fifty day simple moving average is $57.63 and its two-hundred day simple moving average is $55.23.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

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.