Strategic Financial Concepts LLC Buys Shares of 10,505 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Strategic Financial Concepts LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,505 shares of the company’s stock, valued at approximately $570,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock valued at $259,768,000 after acquiring an additional 5,466,397 shares during the period. LPL Financial LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 32.3% in the third quarter. LPL Financial LLC now owns 3,640,211 shares of the company’s stock valued at $170,835,000 after purchasing an additional 889,644 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 89.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,995,475 shares of the company’s stock worth $140,578,000 after purchasing an additional 1,415,166 shares during the last quarter. UBS Group AG lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 18.7% during the 4th quarter. UBS Group AG now owns 2,399,478 shares of the company’s stock worth $119,806,000 after buying an additional 378,697 shares during the period. Finally, RiverFront Investment Group LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.1% in the 4th quarter. RiverFront Investment Group LLC now owns 1,976,049 shares of the company’s stock valued at $98,663,000 after buying an additional 21,597 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

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

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.4273 per share. This represents a $5.13 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

JPMorgan Nasdaq Equity Premium Income ETF Profile

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.