Good Life Advisors LLC Boosts Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Good Life Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 57.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,691 shares of the company’s stock after purchasing an additional 18,559 shares during the period. Good Life Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,785,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% in the second quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock valued at $400,539,000 after purchasing an additional 1,017,261 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock worth $159,473,000 after buying an additional 174,473 shares during the period. Osaic Holdings Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 26.0% in the 1st 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 in the last quarter. RiverFront Investment Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 19.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,795,256 shares of the company’s stock valued at $99,637,000 after acquiring an additional 292,808 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.19 during midday trading on Thursday, hitting $55.10. 905,849 shares of the stock were exchanged, compared to its average volume of 2,817,458. The company has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $53.79. The firm has a market cap of $17.18 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.551 per share. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 12.00%.

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.