Econ Financial Services Corp Buys Shares of 13,113 JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Econ Financial Services Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 13,113 shares of the company’s stock, valued at approximately $711,000.

Several other large investors also recently added to or reduced their stakes in the company. Wick Capital Partners LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 43.8% in the 1st quarter. Wick Capital Partners LLC now owns 187,486 shares of the company’s stock worth $10,169,000 after buying an additional 57,065 shares during the period. Evergreen Wealth Solutions LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.7% in the first quarter. Evergreen Wealth Solutions LLC now owns 233,777 shares of the company’s stock valued at $12,680,000 after purchasing an additional 10,524 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 48.6% during the 1st quarter. Morse Asset Management Inc now owns 11,145 shares of the company’s stock valued at $605,000 after purchasing an additional 3,645 shares during the period. Kestra Advisory Services LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the 1st quarter. Kestra Advisory Services LLC now owns 565,912 shares of the company’s stock worth $30,695,000 after purchasing an additional 74,628 shares in the last quarter. Finally, LRI Investments LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth about $1,231,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock traded up $0.07 during mid-day trading on Monday, reaching $53.03. 2,754,877 shares of the company traded hands, compared to its average volume of 2,781,150. The company has a fifty day moving average price of $54.84 and a 200-day moving average price of $53.48. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.95 and a 52-week high of $56.18. The company has a market capitalization of $14.88 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were issued a dividend of $0.4212 per share. This represents a $5.05 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date was Monday, July 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.