Avalon Capital Management Has $5.59 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Avalon Capital Management decreased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,069 shares of the company’s stock after selling 574 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up about 2.3% of Avalon Capital Management’s investment portfolio, making the stock its 13th largest position. Avalon Capital Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of JEPQ. Valmark Advisers Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $221,000. Allworth Financial LP boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 58.5% during the fourth quarter. Allworth Financial LP now owns 1,189 shares of the company’s stock worth $59,000 after buying an additional 439 shares during the period. International Assets Investment Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.9% during the fourth quarter. International Assets Investment Management LLC now owns 35,252 shares of the company’s stock worth $1,760,000 after buying an additional 2,268 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $348,000. Finally, IFP Advisors Inc lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 29.2% in the 4th quarter. IFP Advisors Inc now owns 36,463 shares of the company’s stock valued at $1,821,000 after acquiring an additional 8,237 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1 %

Shares of NASDAQ JEPQ traded down $0.06 during midday trading on Friday, reaching $55.50. The company’s stock had a trading volume of 3,608,509 shares, compared to its average volume of 2,705,804. The stock has a 50 day simple moving average of $53.99 and a 200-day simple moving average of $52.72. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.95 and a fifty-two week high of $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, June 3rd were given a dividend of $0.4497 per share. The ex-dividend date was Monday, June 3rd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.40 annualized dividend and a yield of 9.72%.

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.