Farther Finance Advisors LLC Grows Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Farther Finance Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 272.9% in the second quarter, Holdings Channel.com reports. The firm owned 6,529 shares of the company’s stock after acquiring an additional 4,778 shares during the quarter. Farther Finance Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JEPQ. International Assets Investment Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.9% in the fourth quarter. International Assets Investment Management LLC now owns 35,252 shares of the company’s stock valued at $1,760,000 after purchasing an additional 2,268 shares during the period. Lincoln National Corp lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 54.1% during the fourth quarter. Lincoln National Corp now owns 28,091 shares of the company’s stock valued at $1,403,000 after buying an additional 9,860 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 60.8% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,857 shares of the company’s stock valued at $991,000 after buying an additional 7,507 shares in the last quarter. Principal Securities Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $281,000. Finally, Lebenthal Global Advisors LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $28,788,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1 %

Shares of JEPQ stock opened at $52.35 on Thursday. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.95 and a fifty-two week high of $56.18. The firm’s 50 day moving average price is $53.79 and its two-hundred day moving average price is $53.66.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.5569 per share. This represents a $6.68 dividend on an annualized basis and a yield of 12.76%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, September 3rd.

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.