JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stake Boosted by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 111,495 shares of the company’s stock after buying an additional 7,746 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for 3.7% of Cobblestone Asset Management LLC’s portfolio, making the stock its 10th biggest position. Cobblestone Asset Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JEPQ. Capital Investment Advisors LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 174.1% in the third quarter. Capital Investment Advisors LLC now owns 28,749 shares of the company’s stock worth $1,579,000 after buying an additional 18,261 shares in the last quarter. Precedent Wealth Partners LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 105.1% during the 3rd quarter. Precedent Wealth Partners LLC now owns 20,190 shares of the company’s stock worth $1,109,000 after purchasing an additional 10,346 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the third quarter. Stratos Wealth Advisors LLC now owns 41,900 shares of the company’s stock valued at $2,302,000 after purchasing an additional 2,633 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 40.4% in the third quarter. Stratos Wealth Partners LTD. now owns 109,862 shares of the company’s stock valued at $6,035,000 after purchasing an additional 31,612 shares during the last quarter. Finally, Richard W. Paul & Associates LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.3% in the third quarter. Richard W. Paul & Associates LLC now owns 36,053 shares of the company’s stock worth $1,980,000 after purchasing an additional 806 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $55.27 on Friday. The company’s 50-day simple moving average is $53.82 and its 200-day simple moving average is $53.81. 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 stock has a market capitalization of $17.24 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were issued a $0.551 dividend. This represents a $6.61 annualized dividend and a yield of 11.96%. The ex-dividend date was Tuesday, October 1st.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.