WealthTrust Asset Management LLC Purchases Shares of 4,000 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

WealthTrust Asset Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the second quarter, HoldingsChannel reports. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Pointe Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 289.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 16,954 shares of the company’s stock worth $847,000 after buying an additional 12,605 shares during the period. D.A. Davidson & CO. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 86.6% in the 4th quarter. D.A. Davidson & CO. now owns 9,515 shares of the company’s stock valued at $475,000 after purchasing an additional 4,415 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $751,000. Franklin Resources Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the 4th quarter. Franklin Resources Inc. now owns 45,900 shares of the company’s stock worth $2,292,000 after purchasing an additional 450 shares during the last quarter. Finally, Balboa Wealth Partners increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 55.4% during the 4th quarter. Balboa Wealth Partners now owns 10,180 shares of the company’s stock worth $508,000 after purchasing an additional 3,628 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.6 %

Shares of JEPQ stock opened at $54.42 on Friday. The company has a market capitalization of $15.45 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $56.18. The firm has a 50-day moving average price of $53.15 and a 200 day moving average price of $53.66.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.5569 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 12.28%. This is a boost 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.