Confluence Wealth Services Inc. Buys New Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Confluence Wealth Services Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,757 shares of the company’s stock, valued at approximately $421,000.

Other large investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 67.4% during the third quarter. Avior Wealth Management LLC now owns 1,103 shares of the company’s stock worth $52,000 after purchasing an additional 444 shares during the last quarter. UMB Bank n.a. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $44,000. U.S. Capital Wealth Advisors LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 11.0% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 42,278 shares of the company’s stock valued at $1,984,000 after buying an additional 4,200 shares during the period. Modus Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the 3rd quarter. Modus Advisors LLC now owns 12,245 shares of the company’s stock worth $575,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.6% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 16,420 shares of the company’s stock worth $771,000 after purchasing an additional 722 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ traded down $0.84 during trading hours on Tuesday, hitting $52.04. The company’s stock had a trading volume of 3,270,162 shares, compared to its average volume of 2,757,639. The business has a 50 day simple moving average of $53.15 and a two-hundred day simple moving average of $50.87. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.62 and a 52-week high of $54.47. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.4273 per share. The ex-dividend date was Monday, April 1st. This represents a $5.13 annualized dividend and a dividend yield of 9.85%. This is an increase 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.