CIBC Private Wealth Group LLC Purchases 1,589 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

CIBC Private Wealth Group LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 51.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,705 shares of the company’s stock after acquiring an additional 1,589 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $28,000. Crewe Advisors LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the fourth quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $33,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 5.6 %

Shares of NASDAQ JEPQ opened at $46.60 on Friday. The company has a fifty day moving average price of $54.90 and a 200 day moving average price of $55.73. The firm has a market cap of $18.35 billion, a PE ratio of 30.12 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $46.53 and a 1-year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a $0.5407 dividend. This represents a $6.49 dividend on an annualized basis and a yield of 13.92%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

About JPMorgan Nasdaq Equity Premium Income ETF

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.