Parsons Capital Management Inc. RI Invests $417,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Parsons Capital Management Inc. RI purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,680 shares of the company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Wealth Strategies & Associates bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $27,000. Legacy Financial Group LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $27,000. Hazlett Burt & Watson Inc. boosted its position 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 worth $31,000 after purchasing an additional 200 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock worth $34,000 after purchasing an additional 232 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ traded up $0.72 during midday trading on Friday, reaching $52.66. 3,636,418 shares of the stock were exchanged, compared to its average volume of 2,738,557. The business has a 50-day simple moving average of $53.14 and a two-hundred day simple moving average of $50.80. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.62 and a 12 month high of $54.47.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a $0.4273 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 annualized dividend and a yield of 9.74%. The ex-dividend date was Monday, April 1st.

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.