PFG Investments LLC Takes $411,000 Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

PFG Investments LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,241 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds have also recently bought and sold shares of JEPQ. Renaissance Technologies LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $2,945,000. Royal Bank of Canada acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $5,604,000. CreativeOne Wealth LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $498,000. Xcel Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the fourth quarter. Xcel Wealth Management LLC now owns 23,787 shares of the company’s stock worth $971,000 after acquiring an additional 2,685 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $734,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.3 %

NASDAQ:JEPQ opened at $54.29 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $43.95 and a 1-year high of $54.47. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 23.03 and a beta of -0.84. The stock has a fifty day simple moving average of $52.69 and a 200 day simple moving average of $49.92.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, March 4th were given a $0.3804 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $4.56 dividend on an annualized basis and a dividend yield of 8.41%.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.