Wellington Shields & Co. LLC Cuts Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Wellington Shields & Co. LLC reduced its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 205 shares during the quarter. Wellington Shields & Co. LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hazlett Burt & Watson Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.3% during the first quarter. Atlantic Union Bankshares Corp now owns 17,919 shares of the company’s stock valued at $972,000 after purchasing an additional 237 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 48.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock valued at $37,000 after purchasing an additional 240 shares in the last quarter. Finally, Panoramic Investment Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.0% during the fourth quarter. Panoramic Investment Advisors LLC now owns 12,550 shares of the company’s stock valued at $627,000 after purchasing an additional 250 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ traded up $0.13 during midday trading on Wednesday, reaching $56.10. 1,278,854 shares of the company’s stock traded hands, compared to its average volume of 2,717,096. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.95 and a one year high of $56.10. The stock has a 50 day moving average of $54.48 and a 200 day moving average of $53.02. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were issued a $0.4212 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Monday, July 1st. This represents a $5.05 dividend on an annualized basis and a yield of 9.01%.

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.