Stephens Inc. AR Sells 7,249 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Stephens Inc. AR lessened its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,309 shares of the company’s stock after selling 7,249 shares during the period. Stephens Inc. AR’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $6,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Comerica Bank grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 30.2% in the 1st quarter. Comerica Bank now owns 75,489 shares of the company’s stock valued at $4,095,000 after acquiring an additional 17,500 shares during the period. Concourse Financial Group Securities Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock valued at $367,000 after acquiring an additional 285 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $225,000. Raymond James & Associates grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 35.4% in the 2nd quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock valued at $64,497,000 after acquiring an additional 303,680 shares during the period. Finally, Western Wealth Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the 2nd quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock worth $798,000 after buying an additional 1,893 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $54.44 on Friday. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The company has a 50-day simple moving average of $54.22 and a 200 day simple moving average of $53.93. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $46.83 and a 52 week high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 5th. Investors of record on Friday, November 1st will be issued a dividend of $0.4936 per share. This represents a $5.92 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is 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.