JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) is Ellis Investment Partners LLC’s 9th Largest Position

Ellis Investment Partners LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,522 shares of the company’s stock after buying an additional 5,716 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises approximately 2.5% of Ellis Investment Partners LLC’s holdings, making the stock its 9th largest position. Ellis Investment Partners LLC owned approximately 0.07% of JPMorgan Nasdaq Equity Premium Income ETF worth $12,718,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 153.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,570 shares of the company’s stock worth $228,000 after purchasing an additional 2,770 shares in the last quarter. Brookstone Capital Management increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 120.0% in the 1st quarter. Brookstone Capital Management now owns 33,698 shares of the company’s stock worth $1,828,000 after purchasing an additional 18,381 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 62.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,650 shares of the company’s stock worth $3,886,000 after purchasing an additional 27,547 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth $457,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth $382,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ traded up $0.15 during midday trading on Friday, hitting $55.40. The company had a trading volume of 2,666,075 shares, compared to its average volume of 2,823,833. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.95 and a 12-month high of $56.18. The company has a fifty day moving average of $54.09 and a two-hundred day moving average of $53.87.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

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