Marshall Financial Group LLC Has $14.09 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Marshall Financial Group LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 119.9% during the 1st quarter, Holdings Channel reports. The firm owned 259,735 shares of the company’s stock after buying an additional 141,638 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 4.1% of Marshall Financial Group LLC’s investment portfolio, making the stock its 3rd biggest position. Marshall Financial Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $14,088,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Global Wealth Strategies & Associates purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $27,000. Hazlett Burt & Watson Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Iron Horse Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares during the period. TD Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth $40,000. Finally, Roble Belko & Company Inc purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $43,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.3 %

JEPQ traded up $0.19 on Thursday, hitting $55.64. The company had a trading volume of 3,661,011 shares, compared to its average volume of 2,718,743. The company has a market cap of $15.36 billion, a PE ratio of 32.10 and a beta of -0.84. The business’s fifty day simple moving average is $54.27 and its 200 day simple moving average is $52.85. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a $0.4212 dividend. The ex-dividend date was Monday, July 1st. This represents a $5.05 annualized dividend and a dividend yield of 9.08%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.