Meridian Financial Partners LLC Has $1.41 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Meridian Financial Partners LLC trimmed its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,572 shares of the company’s stock after selling 13,678 shares during the quarter. Meridian Financial Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Assets Advisory LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at about $60,320,000. LPL Financial LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.4% in the second quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock valued at $400,539,000 after buying an additional 1,017,261 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% in the second quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock valued at $518,000 after buying an additional 922,558 shares during the period. Cetera Investment Advisers grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock worth $57,049,000 after buying an additional 890,120 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% during the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock worth $43,071,000 after acquiring an additional 783,584 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $55.27 on Friday. The company has a market cap of $17.24 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 $56.18. The stock has a fifty day moving average price of $53.82 and a 200-day moving average price of $53.81.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were given a dividend of $0.551 per share. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 11.96%.

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.