Concorde Asset Management LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Concorde Asset Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,850 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 11.6% in the third quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after acquiring an additional 837,415 shares during the period. Steele Capital Management Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the third quarter. Steele Capital Management Inc. now owns 17,358 shares of the company’s stock worth $953,000 after purchasing an additional 5,775 shares in the last quarter. Hilton Capital Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 14.0% in the third quarter. Hilton Capital Management LLC now owns 1,049,043 shares of the company’s stock worth $57,624,000 after purchasing an additional 128,831 shares in the last quarter. Avior Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 140.1% in the third quarter. Avior Wealth Management LLC now owns 29,377 shares of the company’s stock worth $1,614,000 after purchasing an additional 17,140 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 143.3% in the third quarter. PNC Financial Services Group Inc. now owns 129,122 shares of the company’s stock worth $7,093,000 after purchasing an additional 76,049 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $56.57 on Friday. The firm has a market cap of $18.25 billion, a P/E ratio of 32.10 and a beta of -0.84. The business’s fifty day moving average is $55.08 and its two-hundred day moving average is $54.32. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $56.78.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.4936 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend was Friday, November 1st.

JPMorgan Nasdaq Equity Premium Income ETF 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.