Redhawk Wealth Advisors Inc. Grows Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Redhawk Wealth Advisors Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 33.9% during the first quarter, Holdings Channel reports. The firm owned 10,264 shares of the company’s stock after purchasing an additional 2,598 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. PDS Planning Inc raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the fourth quarter. PDS Planning Inc now owns 36,894 shares of the company’s stock worth $2,080,000 after purchasing an additional 206 shares in the last quarter. Lifeworks Advisors LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.0% during the fourth quarter. Lifeworks Advisors LLC now owns 8,228 shares of the company’s stock worth $464,000 after purchasing an additional 243 shares in the last quarter. Consolidated Planning Corp raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the fourth quarter. Consolidated Planning Corp now owns 28,286 shares of the company’s stock worth $1,595,000 after purchasing an additional 245 shares in the last quarter. Finally, Indie Asset Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.6% during the fourth quarter. Indie Asset Partners LLC now owns 9,683 shares of the company’s stock worth $546,000 after purchasing an additional 247 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1%

JEPQ stock opened at $52.92 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54. The company’s 50 day moving average is $51.06 and its two-hundred day moving average is $54.29. The stock has a market cap of $24.72 billion, a P/E ratio of 30.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.6207 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.45 dividend on an annualized basis and a yield of 14.08%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60.

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.