Anchor Capital Management Group Inc Invests $2.09 Million in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Anchor Capital Management Group Inc acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,000 shares of the company’s stock, valued at approximately $2,086,000. JPMorgan Nasdaq Equity Premium Income ETF makes up about 0.8% of Anchor Capital Management Group Inc’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $174,675,000. JPMorgan Chase & Co. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after buying an additional 2,805,860 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock worth $56,889,000 after buying an additional 991,227 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after buying an additional 860,019 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 76.2% in the 4th quarter. Private Advisor Group LLC now owns 1,877,026 shares of the company’s stock valued at $105,827,000 after acquiring an additional 811,640 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 5.6 %

Shares of JEPQ stock opened at $46.60 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $46.53 and a twelve month high of $58.54. The stock’s fifty day simple moving average is $54.90 and its 200 day simple moving average is $55.71. The firm has a market capitalization of $18.35 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.5407 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $6.49 annualized dividend and a dividend yield of 13.92%. This is an increase 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.