Summit Wealth Partners LLC Boosts Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Summit Wealth Partners LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,819 shares of the company’s stock after buying an additional 7,323 shares during the period. Summit Wealth Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JEPQ. Sequoia Financial Advisors LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth about $720,000. Concourse Financial Group Securities Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock worth $367,000 after buying an additional 285 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at $772,000. Janney Montgomery Scott LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.6% in the first quarter. Janney Montgomery Scott LLC now owns 849,760 shares of the company’s stock valued at $46,091,000 after acquiring an additional 81,192 shares during the period. Finally, PDS Planning Inc raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 141.2% in the first quarter. PDS Planning Inc now owns 21,949 shares of the company’s stock worth $1,190,000 after acquiring an additional 12,848 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.9 %

NASDAQ JEPQ opened at $54.58 on Friday. The stock’s 50-day moving average price is $54.21 and its 200-day moving average price is $53.92. The company has a market capitalization of $17.53 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $45.62 and a 52 week high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were given a dividend of $0.551 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $6.61 dividend on an annualized basis and a dividend yield of 12.11%.

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.