Verity Asset Management Inc. Trims Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Verity Asset Management Inc. trimmed its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 19.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 33,527 shares of the company’s stock after selling 8,022 shares during the period. Verity Asset Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,842,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Comerica Bank boosted its holdings in 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 purchasing an additional 17,500 shares during the period. Cornerstone Wealth Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $225,000. Raymond James & Associates grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after buying an additional 303,680 shares in the last quarter. Western Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% in the 2nd quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock worth $798,000 after acquiring an additional 1,893 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 64.9% in the 1st quarter. US Bancorp DE now owns 11,134 shares of the company’s stock valued at $604,000 after acquiring an additional 4,381 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.8 %

Shares of NASDAQ JEPQ opened at $56.43 on Friday. The business has a 50-day moving average of $54.36 and a 200-day moving average of $54.03. The firm has a market capitalization of $18.21 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 $47.67 and a 12 month high of $56.45.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.4936 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a yield of 10.50%.

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.