Park Avenue Securities LLC Has $3.21 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Park Avenue Securities LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 168.6% during the first quarter, Holdings Channel reports. The institutional investor owned 62,038 shares of the company’s stock after acquiring an additional 38,937 shares during the quarter. Park Avenue Securities LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPQ. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after purchasing an additional 2,805,860 shares during the period. LPL Financial LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after buying an additional 860,019 shares in the last quarter. Bank of America Corp DE grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock valued at $445,968,000 after acquiring an additional 1,085,222 shares during the period. Wells Fargo & Company MN grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after acquiring an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock worth $182,733,000 after acquiring an additional 8,393 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $52.80 on Tuesday. The business has a fifty day moving average of $50.86 and a two-hundred day moving average of $54.31. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $58.54. The stock has a market cap of $24.67 billion, a PE ratio of 30.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were issued a dividend of $0.6207 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 annualized dividend and a yield of 14.11%. The ex-dividend date of this dividend was Monday, June 2nd.

About JPMorgan Nasdaq Equity Premium Income ETF

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.