Mach 1 Financial Group LLC Buys 9,306 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Mach 1 Financial Group LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,725 shares of the company’s stock after purchasing an additional 9,306 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 4.4% of Mach 1 Financial Group LLC’s holdings, making the stock its 8th largest position. Mach 1 Financial Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $7,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in shares of 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 valued at $400,539,000 after acquiring an additional 1,017,261 shares during the period. International Assets Investment Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after purchasing an additional 3,029,552 shares during the period. Envestnet Asset Management Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock worth $159,473,000 after purchasing an additional 174,473 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.0% in the first quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock valued at $129,587,000 after purchasing an additional 493,420 shares during the period. Finally, RiverFront Investment Group LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the second quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock valued at $124,476,000 after buying an additional 105,765 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $56.54 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $56.60. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The business has a 50 day simple moving average of $54.41 and a 200 day simple moving average of $54.08.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders 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 dividend yield of 10.48%. The ex-dividend date 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.