Raymond James & Associates Buys 86,030 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Raymond James & Associates grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 12.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 768,440 shares of the company’s stock after purchasing an additional 86,030 shares during the period. Raymond James & Associates owned approximately 0.45% of JPMorgan Nasdaq Equity Premium Income ETF worth $38,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Financial Group LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 266.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Creative Planning purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $27,000. Finally, Valley National Advisers Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $31,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1 %

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.24 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.12 and a 52-week high of $54.47. The firm’s fifty day moving average is $52.75 and its 200 day moving average is $49.95. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 23.03 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, March 4th were issued a $0.3804 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date was Friday, March 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.