Pinnacle Wealth Management Advisory Group LLC Grows Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 60.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,857 shares of the company’s stock after buying an additional 7,507 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Global Wealth Strategies & Associates bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the period. Valley National Advisers Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $31,000. Iron Horse Wealth Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock valued at $37,000 after acquiring an additional 240 shares during the period. Finally, Roble Belko & Company Inc purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $43,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ traded up $0.03 during trading on Wednesday, hitting $53.29. The company’s stock had a trading volume of 1,838,348 shares, compared to its average volume of 2,756,498. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The company has a 50-day moving average of $53.13 and a 200-day moving average of $51.07. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.95 and a 12 month high of $54.47.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.4311 per share. This represents a $5.17 annualized dividend and a dividend yield of 9.71%. The ex-dividend date of this dividend was Wednesday, May 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

JPMorgan Nasdaq Equity Premium Income ETF 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.