BTS Asset Management Inc. Invests $284,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

BTS Asset Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 3rd quarter, Holdings Channel.com reports. The firm bought 5,170 shares of the company’s stock, valued at approximately $284,000. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 0.3% of BTS Asset Management Inc.’s holdings, making the stock its 26th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in 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 valued at $169,078,000 after acquiring an additional 3,029,552 shares in the last quarter. LPL Financial LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% during the 2nd quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock valued at $400,539,000 after purchasing an additional 1,017,261 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock valued at $518,000 after purchasing an additional 922,558 shares in the last quarter. Cetera Investment Advisers increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the 1st 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 during the period. Finally, Jane Street Group LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% in the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock worth $43,071,000 after buying an additional 783,584 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $54.92 on Thursday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The stock’s 50-day simple moving average is $54.01 and its 200-day simple moving average is $53.85. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed 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 12.04%.

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.