JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Purchased by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 250.0% during the third quarter, Holdings Channel reports. The fund owned 805 shares of the company’s stock after buying an additional 575 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JEPQ. International Assets Investment Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock worth $169,078,000 after acquiring an additional 3,029,552 shares during the period. LPL Financial LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% during the second quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock worth $400,539,000 after buying an additional 1,017,261 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% during the second quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock worth $518,000 after buying an additional 922,558 shares in the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock worth $57,049,000 after buying an additional 890,120 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4,708.2% during the second quarter. Advance Capital Management Inc. now owns 413,122 shares of the company’s stock worth $22,928,000 after buying an additional 404,530 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ traded down $0.29 during mid-day trading on Thursday, reaching $56.68. 4,384,211 shares of the stock were exchanged, compared to its average volume of 2,905,684. The business’s 50 day moving average is $55.32 and its 200-day moving average is $54.42. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $47.67 and a 1 year high of $57.04. The company has a market capitalization of $18.29 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 declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a dividend of $0.4936 per share. This represents a $5.92 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend was Friday, November 1st.

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.