Narus Financial Partners LLC Makes New Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Narus Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, Holdings Channel reports. The firm bought 4,500 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds have also made changes to their positions in JEPQ. LPL Financial LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.4% in the 2nd quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock worth $400,539,000 after buying an additional 1,017,261 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock worth $518,000 after purchasing an additional 922,558 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the 1st quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock worth $57,049,000 after purchasing an additional 890,120 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% during the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock worth $43,071,000 after purchasing an additional 783,584 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.0% during the 1st quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock worth $129,587,000 after purchasing an additional 493,420 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ opened at $55.27 on Monday. The stock has a market capitalization of $17.34 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.95 and a 1-year high of $56.18. The business has a fifty day moving average price of $53.82 and a 200 day moving average price of $53.81.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were paid a dividend of $0.551 per share. This represents a $6.61 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date was Tuesday, October 1st.

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.