Xcel Wealth Management LLC Boosts Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Xcel Wealth Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,170 shares of the company’s stock after acquiring an additional 862 shares during the period. Xcel Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aurora Private Wealth Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 5,256 shares of the company’s stock worth $292,000 after purchasing an additional 189 shares during the last quarter. Tranquility Partners LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.8% during the first quarter. Tranquility Partners LLC now owns 4,679 shares of the company’s stock worth $254,000 after buying an additional 214 shares in the last quarter. Main Street Financial Solutions LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the second quarter. Main Street Financial Solutions LLC now owns 8,147 shares of the company’s stock worth $452,000 after purchasing an additional 224 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.3% during the first quarter. Atlantic Union Bankshares Corp now owns 17,919 shares of the company’s stock worth $972,000 after purchasing an additional 237 shares during the last quarter. Finally, Security National Bank lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the second quarter. Security National Bank now owns 2,596 shares of the company’s stock valued at $144,000 after buying an additional 238 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ remained flat at $55.36 on Tuesday. The company’s stock had a trading volume of 1,382,301 shares, compared to its average volume of 2,816,284. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.95 and a one year high of $56.18. The company’s 50-day moving average is $53.90 and its 200-day moving average is $53.83. The firm has a market capitalization of $17.37 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were issued a dividend of $0.551 per share. This represents a $6.61 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date of this dividend was Tuesday, October 1st.

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.