SteelPeak Wealth LLC Buys Shares of 7,051 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

SteelPeak Wealth LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,051 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 40.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the company’s stock valued at $84,000 after acquiring an additional 520 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.5% in the 3rd quarter. Mutual Advisors LLC now owns 4,771 shares of the company’s stock worth $224,000 after purchasing an additional 605 shares during the last quarter. Truist Financial Corp grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.5% during the third quarter. Truist Financial Corp now owns 465,233 shares of the company’s stock worth $21,833,000 after purchasing an additional 65,744 shares during the period. Axxcess Wealth Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $578,000. Finally, Lido Advisors LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.4% in the third quarter. Lido Advisors LLC now owns 18,359 shares of the company’s stock valued at $862,000 after buying an additional 2,165 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $55.50 on Monday. The stock has a market cap of $13.11 billion, a PE ratio of 32.10 and a beta of -0.84. The stock has a 50-day moving average of $53.99 and a 200-day moving average of $52.74. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.95 and a one year high of $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, June 3rd were paid a $0.4497 dividend. This represents a $5.40 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend was Monday, June 3rd. 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.