Kovack Advisors Inc. Sells 6,505 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Kovack Advisors Inc. lessened its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 22.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,475 shares of the company’s stock after selling 6,505 shares during the period. Kovack Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.4% in the third quarter. Creative Planning now owns 23,608 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,966 shares during the period. Valmark Advisers Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 19.2% in the 3rd quarter. Valmark Advisers Inc. now owns 16,425 shares of the company’s stock worth $902,000 after buying an additional 2,647 shares during the period. Lodestar Private Asset Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 27.5% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 4,630 shares of the company’s stock worth $254,000 after buying an additional 1,000 shares in the last quarter. Mutual Advisors LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 48.7% in the 3rd quarter. Mutual Advisors LLC now owns 29,289 shares of the company’s stock worth $1,618,000 after buying an additional 9,596 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 70.3% during the third quarter. SteelPeak Wealth LLC now owns 12,665 shares of the company’s stock valued at $696,000 after acquiring an additional 5,230 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 2.5 %

NASDAQ JEPQ opened at $55.13 on Friday. The business has a 50-day moving average price of $57.28 and a 200-day moving average price of $55.82. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.67 and a twelve month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.4502 per share. The ex-dividend date was Monday, February 3rd.

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.