Beacon Pointe Advisors LLC Acquires 12,605 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Beacon Pointe Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 289.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,954 shares of the company’s stock after acquiring an additional 12,605 shares during the period. Beacon Pointe Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% in the third quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock valued at $259,768,000 after purchasing an additional 5,466,397 shares in the last quarter. International Assets Investment Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock worth $87,883,000 after buying an additional 1,727,136 shares during the last quarter. Envestnet Asset Management Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 89.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,995,475 shares of the company’s stock worth $140,578,000 after acquiring an additional 1,415,166 shares in the last quarter. LPL Financial LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 32.3% in the third quarter. LPL Financial LLC now owns 3,640,211 shares of the company’s stock valued at $170,835,000 after acquiring an additional 889,644 shares during the last quarter. Finally, UBS Group AG grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 50.3% in the 3rd quarter. UBS Group AG now owns 2,020,781 shares of the company’s stock valued at $94,835,000 after acquiring an additional 676,119 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $54.21 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.95 and a 52-week high of $54.47. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The firm’s 50-day moving average is $53.26 and its 200-day moving average is $51.61.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd were paid a $0.4311 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Wednesday, May 1st. This represents a $5.17 annualized dividend and a yield of 9.54%.

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.