New York Life Investment Management LLC Trims Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

New York Life Investment Management LLC reduced its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 790,795 shares of the company’s stock after selling 24,216 shares during the period. New York Life Investment Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $39,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPQ. Balboa Wealth Partners purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $307,000. Hexagon Capital Partners LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 257.7% during the third quarter. Hexagon Capital Partners LLC now owns 3,577 shares of the company’s stock worth $168,000 after acquiring an additional 2,577 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 17.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 145,492 shares of the company’s stock worth $6,828,000 after acquiring an additional 22,022 shares during the period. Pinnacle Associates Ltd. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 28.9% during the third quarter. Pinnacle Associates Ltd. now owns 13,810 shares of the company’s stock worth $648,000 after acquiring an additional 3,100 shares during the period. Finally, Mayfair Advisory Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $500,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.4 %

Shares of NASDAQ JEPQ traded down $0.72 during midday trading on Wednesday, reaching $51.32. 3,216,757 shares of the company’s stock traded hands, compared to its average volume of 2,763,407. The stock’s 50 day simple moving average is $53.15 and its 200-day simple moving average is $50.87. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.62 and a one year high of $54.47. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 32.10 and a beta of 0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.4273 per share. The ex-dividend date was Monday, April 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.99%.

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.