JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 79,411 shares of the company’s stock after acquiring an additional 4,521 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.5% of Mach 1 Financial Group LLC’s holdings, making the stock its 16th biggest holding. Mach 1 Financial Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,965,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JEPQ. Cozad Asset Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $235,000. Kestra Private Wealth Services LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 67.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,903 shares of the company’s stock valued at $1,144,000 after buying an additional 9,243 shares during the period. Bridgewealth Advisory Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $316,000. Silver Oak Securities Incorporated raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 34.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 45,288 shares of the company’s stock valued at $2,261,000 after purchasing an additional 11,674 shares during the period. Finally, RiverFront Investment Group LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.1% in the 4th quarter. RiverFront Investment Group LLC now owns 1,976,049 shares of the company’s stock valued at $98,663,000 after purchasing an additional 21,597 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ traded down $0.84 during midday trading on Tuesday, reaching $52.04. 3,270,162 shares of the company’s stock were exchanged, compared to its average volume of 2,757,639. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.62 and a fifty-two week high of $54.47. The firm’s 50 day simple moving average is $53.15 and its two-hundred day simple moving average is $50.87.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a $0.4273 dividend. This represents a $5.13 annualized dividend and a yield of 9.85%. The ex-dividend date was Monday, April 1st. This is an increase 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.