NCM Capital Management LLC Buys 1,602 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

NCM Capital Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,720 shares of the company’s stock after purchasing an additional 1,602 shares during the period. NCM Capital Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $863,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at approximately $25,000. Beacon Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $26,000. SJS Investment Consulting Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $28,000. Hollencrest Capital Management purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $33,000. Finally, Pin Oak Investment Advisors Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after purchasing an additional 575 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7 %

Shares of JEPQ opened at $57.09 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.67 and a 1-year high of $57.13. The firm’s 50-day moving average price is $55.42 and its 200-day moving average price is $54.46. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given a dividend of $0.4936 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 annualized dividend and a yield of 10.38%.

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.