PFG Advisors Sells 11,619 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

PFG Advisors trimmed its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 33.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,021 shares of the company’s stock after selling 11,619 shares during the quarter. PFG Advisors’ holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,338,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JEPQ. Logan Capital Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Hantz Financial Services Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares during the period. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $33,000. Root Financial Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $34,000. Finally, Guerra Advisors Inc bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $40,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $58.89 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $49.49 and a 52 week high of $60.14. The firm has a market cap of $36.66 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The firm’s 50-day simple moving average is $57.16 and its 200 day simple moving average is $57.94.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a $0.5586 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 11.4%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.51.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.