First Foundation Advisors Sells 4,092 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

First Foundation Advisors cut its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,900 shares of the company’s stock after selling 4,092 shares during the quarter. First Foundation Advisors’ holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JEPQ. International Assets Investment Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock worth $87,883,000 after purchasing an additional 1,727,136 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth about $60,320,000. Lebenthal Global Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $28,788,000. Capital Advisors Inc. OK bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $23,646,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 143.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 776,682 shares of the company’s stock worth $38,780,000 after purchasing an additional 457,382 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7 %

JEPQ traded down $0.37 on Friday, hitting $54.19. The company had a trading volume of 2,341,355 shares, compared to its average volume of 2,753,254. The company has a market cap of $15.04 billion, a PE ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $56.18. The business’s fifty day simple moving average is $54.89 and its 200 day simple moving average is $53.30.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.4212 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $5.05 annualized dividend and a yield of 9.33%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.