Ring Mountain Capital LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Ring Mountain Capital LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,751 shares of the company’s stock, valued at approximately $1,790,000. JPMorgan Nasdaq Equity Premium Income ETF comprises about 1.2% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds also recently modified their holdings of JEPQ. US Bancorp DE boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 45.8% in the 3rd quarter. US Bancorp DE now owns 22,147 shares of the company’s stock valued at $1,217,000 after purchasing an additional 6,952 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 333.7% during the third quarter. Farther Finance Advisors LLC now owns 28,318 shares of the company’s stock worth $1,556,000 after acquiring an additional 21,789 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $267,000. Janney Montgomery Scott LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the third quarter. Janney Montgomery Scott LLC now owns 929,559 shares of the company’s stock worth $51,061,000 after acquiring an additional 58,487 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 71.8% during the third quarter. Confluence Wealth Services Inc. now owns 15,140 shares of the company’s stock worth $832,000 after acquiring an additional 6,326 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 2.9 %

JEPQ stock opened at $54.38 on Tuesday. The business’s 50-day moving average price is $57.19 and its two-hundred day moving average price is $55.91. The firm has a market cap of $21.41 billion, a PE ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.67 and a 1-year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.4824 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

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.