JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 32.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,938 shares of the company’s stock after acquiring an additional 9,951 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JEPQ. DAVENPORT & Co LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 17.6% during the third quarter. DAVENPORT & Co LLC now owns 48,331 shares of the company’s stock valued at $2,268,000 after acquiring an additional 7,217 shares during the period. Avior Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 67.4% during the 3rd quarter. Avior Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $52,000 after purchasing an additional 444 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after purchasing an additional 232 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 38.3% in the third quarter. Galvin Gaustad & Stein LLC now owns 8,300 shares of the company’s stock worth $390,000 after buying an additional 2,300 shares during the period. Finally, UMB Bank n.a. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $44,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ traded up $0.72 during trading hours on Friday, hitting $52.66. 3,631,871 shares of the company’s stock traded hands, compared to its average volume of 2,738,557. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.62 and a twelve month high of $54.47. The firm has a market cap of $12.09 billion, a P/E ratio of 33.29 and a beta of -0.84. The stock’s fifty day moving average price is $53.14 and its two-hundred day moving average price is $50.75.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.4273 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, April 1st. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.74%.

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.