Pinnacle Associates Ltd. Buys 16,969 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Pinnacle Associates Ltd. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 32.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,517 shares of the company’s stock after purchasing an additional 16,969 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,727,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. San Luis Wealth Advisors LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the second quarter. San Luis Wealth Advisors LLC now owns 50,236 shares of the company’s stock valued at $2,733,000 after purchasing an additional 3,047 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $73,000. US Bancorp DE boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 11.7% in the first quarter. US Bancorp DE now owns 28,482 shares of the company’s stock valued at $1,475,000 after acquiring an additional 2,978 shares during the last quarter. Wagner Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 23.9% in the second quarter. Wagner Wealth Management LLC now owns 60,443 shares of the company’s stock valued at $3,288,000 after acquiring an additional 11,646 shares during the last quarter. Finally, Retirement Planning Group LLC NY boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 106.4% in the second quarter. Retirement Planning Group LLC NY now owns 10,683 shares of the company’s stock valued at $581,000 after acquiring an additional 5,506 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $59.10 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $59.42. The stock has a market cap of $31.93 billion, a PE ratio of 32.17 and a beta of 0.83. The firm’s 50 day moving average price is $57.07 and its two-hundred day moving average price is $54.55.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were paid a $0.4461 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. This represents a c) dividend on an annualized basis and a yield of 9.1%.

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.