M.E. Allison & CO. Inc. Purchases 22,935 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

M.E. Allison & CO. Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 133.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,167 shares of the company’s stock after purchasing an additional 22,935 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for 1.8% of M.E. Allison & CO. Inc.’s holdings, making the stock its 10th largest holding. M.E. Allison & CO. Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. MGO One Seven LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.9% during the 2nd quarter. MGO One Seven LLC now owns 172,809 shares of the company’s stock worth $9,401,000 after purchasing an additional 4,911 shares during the last quarter. ONE Advisory Partners LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $306,000. Ellis Investment Partners LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.0% during the 2nd quarter. Ellis Investment Partners LLC now owns 269,227 shares of the company’s stock worth $14,646,000 after purchasing an additional 5,344 shares during the last quarter. Yarger Wealth Strategies LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 19.6% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 9,514 shares of the company’s stock worth $518,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Retirement Planning Group LLC NY boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 106.4% during the 2nd quarter. Retirement Planning Group LLC NY now owns 10,683 shares of the company’s stock worth $581,000 after purchasing an additional 5,506 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $56.33 on Monday. The firm has a market cap of $30.36 billion, a P/E ratio of 32.17 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.31 and a 1-year high of $58.54. The firm’s 50-day simple moving average is $56.22 and its 200-day simple moving average is $53.64.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed 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 represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Wednesday, October 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44.

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.