Mountain Capital Investment Advisors Inc. Increases Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Mountain Capital Investment Advisors Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 15.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 146,527 shares of the company’s stock after purchasing an additional 19,598 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for 1.7% of Mountain Capital Investment Advisors Inc.’s portfolio, making the stock its 11th biggest position. Mountain Capital Investment Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,392,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during 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 during the period. LPL Financial LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after purchasing an additional 860,019 shares during the period. Wells Fargo & Company MN raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after purchasing an additional 498,270 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock worth $182,733,000 after purchasing an additional 8,393 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $174,675,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock opened at $50.69 on Thursday. The firm has a 50-day moving average of $53.96 and a 200 day moving average of $55.50. The company has a market cap of $22.37 billion, a P/E ratio of 30.12 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.5407 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a yield of 12.80%.

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.