Cedar Mountain Advisors LLC Invests $89,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cedar Mountain Advisors LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,723 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares during the period. PDS Planning Inc grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 4th quarter. PDS Planning Inc now owns 36,894 shares of the company’s stock valued at $2,080,000 after acquiring an additional 206 shares during the period. Lifeworks Advisors LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.0% in the fourth quarter. Lifeworks Advisors LLC now owns 8,228 shares of the company’s stock valued at $464,000 after purchasing an additional 243 shares during the period. Consolidated Planning Corp boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 4th quarter. Consolidated Planning Corp now owns 28,286 shares of the company’s stock worth $1,595,000 after buying an additional 245 shares during the last quarter. Finally, Indie Asset Partners LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.6% in the fourth quarter. Indie Asset Partners LLC now owns 9,683 shares of the company’s stock worth $546,000 after acquiring an additional 247 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.7%

Shares of JEPQ opened at $52.70 on Friday. The stock has a market cap of $24.62 billion, a PE ratio of 30.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $58.54. The firm’s fifty day moving average is $50.84 and its two-hundred day moving average is $54.35.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.6207 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend was Monday, June 2nd.

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.