Ellis Investment Partners LLC Has $12.53 Million Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Ellis Investment Partners LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,806 shares of the company’s stock after buying an additional 19,231 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for approximately 2.7% of Ellis Investment Partners LLC’s portfolio, making the stock its 8th largest holding. Ellis Investment Partners LLC owned about 0.08% of JPMorgan Nasdaq Equity Premium Income ETF worth $12,532,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JEPQ. Comerica Bank raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 30.2% during the first quarter. Comerica Bank now owns 75,489 shares of the company’s stock valued at $4,095,000 after acquiring an additional 17,500 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the first quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock valued at $367,000 after acquiring an additional 285 shares in the last quarter. Raymond James & Associates boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% in the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock valued at $64,497,000 after acquiring an additional 303,680 shares in the last quarter. International Assets Investment Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.9% during the 4th quarter. International Assets Investment Management LLC now owns 35,252 shares of the company’s stock valued at $1,760,000 after purchasing an additional 2,268 shares during the period. Finally, Western Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the 2nd quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $798,000 after purchasing an additional 1,893 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ JEPQ opened at $51.36 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The stock has a market capitalization of $14.58 billion, a P/E ratio of 32.10 and a beta of -0.84. The company’s 50-day moving average is $53.58 and its 200 day moving average is $53.64.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.5569 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 13.01%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.