Spire Wealth Management Trims Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Spire Wealth Management cut its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,424 shares of the company’s stock after selling 4,266 shares during the period. Spire Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JEPQ. AllSquare Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 91.6% in the 1st quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock worth $26,000 after purchasing an additional 240 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $35,000. SVB Wealth LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter valued at $36,000. Bear Mountain Capital Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 31.4% during the first quarter. Bear Mountain Capital Inc. now owns 1,046 shares of the company’s stock valued at $54,000 after acquiring an additional 250 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 33.7% during the first quarter. Pin Oak Investment Advisors Inc. now owns 1,076 shares of the company’s stock valued at $56,000 after acquiring an additional 271 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ opened at $58.96 on Friday. The stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The company has a fifty day moving average of $57.00 and a 200 day moving average of $54.46. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.28.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were paid a dividend of $0.4461 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. This represents a c) annualized dividend and a yield of 9.1%.

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.