Confluence Wealth Services Inc. Acquires Shares of 7,757 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Confluence Wealth Services Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,757 shares of the company’s stock, valued at approximately $421,000.

Several other large investors have also recently modified their holdings of JEPQ. Global Wealth Strategies & Associates purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $27,000. Legacy Financial Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $31,000. Finally, Iron Horse Wealth Management LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.6 %

JEPQ stock traded down $0.84 during trading on Tuesday, hitting $52.04. The company had a trading volume of 3,270,162 shares, compared to its average volume of 2,757,639. The company has a 50 day simple moving average of $53.15 and a 200-day simple moving average of $50.87. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.62 and a 52-week high of $54.47. The firm has a market capitalization of $12.15 billion, a P/E ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Stockholders 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. The ex-dividend date was Monday, April 1st. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.85%.

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.