Means Investment CO. Inc. Has $733,000 Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Means Investment CO. Inc. reduced its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,470 shares of the company’s stock after selling 860 shares during the quarter. Means Investment CO. Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $216,000. Concurrent Investment Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 73.5% during the second quarter. Concurrent Investment Advisors LLC now owns 73,713 shares of the company’s stock worth $4,010,000 after buying an additional 31,238 shares in the last quarter. Avion Wealth boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,523.0% in the second quarter. Avion Wealth now owns 6,623 shares of the company’s stock valued at $342,000 after acquiring an additional 6,523 shares during the period. Comprehensive Money Management Services LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $244,000. Finally, KFA Private Wealth Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 41.1% in the second quarter. KFA Private Wealth Group LLC now owns 5,975 shares of the company’s stock valued at $325,000 after acquiring an additional 1,741 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $56.33 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54. The firm’s 50-day simple moving average is $56.22 and its 200 day simple moving average is $53.63. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 32.17 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.4461 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Wednesday, October 1st.

About JPMorgan Nasdaq Equity Premium Income ETF

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.