Kennedy Investment Group Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Kennedy Investment Group lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 13.7% during the third quarter, HoldingsChannel reports. The fund owned 83,145 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF comprises 2.1% of Kennedy Investment Group’s holdings, making the stock its 12th biggest position. Kennedy Investment Group’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 30.2% in the 1st quarter. Comerica Bank now owns 75,489 shares of the company’s stock valued at $4,095,000 after purchasing an additional 17,500 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the 1st 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 during the period. Raymond James & Associates boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the 2nd quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after acquiring an additional 303,680 shares in the last quarter. Western Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.2% in the 2nd quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock worth $798,000 after acquiring an additional 1,893 shares during the period. Finally, SteelPeak Wealth LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at approximately $382,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ traded up $0.03 during trading on Monday, reaching $55.30. 2,248,785 shares of the stock were exchanged, compared to its average volume of 2,817,736. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The business’s 50 day moving average price is $53.82 and its two-hundred day moving average price is $53.81.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.551 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 11.96%.

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.