Keystone Wealth Services LLC Invests $1.02 Million in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Keystone Wealth Services LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,604 shares of the company’s stock, valued at approximately $1,022,000.

Several other hedge funds have also recently modified their holdings of JEPQ. Beacon Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $56,000. First Command Advisory Services Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth $59,000. Finally, WR Wealth Planners LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1,691.5% in the second quarter. WR Wealth Planners LLC now owns 1,272 shares of the company’s stock worth $71,000 after buying an additional 1,201 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock traded down $0.25 during midday trading on Tuesday, hitting $54.84. 2,897,785 shares of the stock traded hands, compared to its average volume of 2,828,299. The stock’s fifty day simple moving average is $53.47 and its 200-day simple moving average is $53.78. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.95 and a 1-year high of $56.18. The firm has a market cap of $17.10 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.551 per share. This represents a $6.61 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date of this dividend was Tuesday, October 1st.

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.