Parsons Capital Management Inc. RI Invests $417,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Parsons Capital Management Inc. RI purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,680 shares of the company’s stock, valued at approximately $417,000.

A number of other large investors have also recently bought and sold shares of JEPQ. Legacy Financial Group LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Global Wealth Strategies & Associates bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $27,000. Valley National Advisers Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its holdings in 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 last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 46.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock worth $34,000 after acquiring an additional 232 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.4 %

NASDAQ JEPQ traded up $0.72 during trading hours on Friday, reaching $52.66. The company’s stock had a trading volume of 3,636,418 shares, compared to its average volume of 2,738,557. The business has a 50-day simple moving average of $53.14 and a 200 day simple moving average of $50.80. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.62 and a 52 week high of $54.47. The stock has a market cap of $12.30 billion, a PE ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a $0.4273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $5.13 dividend on an annualized basis and a yield of 9.74%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.