Fagan Associates Inc. Buys 9,920 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Fagan Associates Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,561 shares of the company’s stock after acquiring an additional 9,920 shares during the period. Fagan Associates Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Valley National Advisers Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $31,000. Iron Horse Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares in the last quarter. Finally, Roble Belko & Company Inc purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $43,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock traded up $0.41 during trading on Wednesday, reaching $54.09. The company had a trading volume of 2,576,197 shares, compared to its average volume of 2,714,206. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.95 and a twelve month high of $54.47. The firm has a 50-day simple moving average of $53.16 and a 200-day simple moving average of $51.32.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were given a $0.4311 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $5.17 dividend on an annualized basis and a yield of 9.56%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.