Frederick Financial Consultants LLC Purchases New Shares in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Frederick Financial Consultants LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,613 shares of the company’s stock, valued at approximately $824,000.

A number of other hedge funds have also bought and sold shares of the company. Generation Capital Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $578,000. Concourse Financial Group Securities Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 42.7% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 8,013 shares of the company’s stock worth $465,000 after purchasing an additional 2,396 shares during the last quarter. Cadence Bank boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 750.8% during the fourth quarter. Cadence Bank now owns 34,882 shares of the company’s stock valued at $1,967,000 after buying an additional 30,782 shares during the period. Zacks Investment Management bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $213,000. Finally, Garden State Investment Advisory Services LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.3% during the fourth quarter. Garden State Investment Advisory Services LLC now owns 86,470 shares of the company’s stock valued at $4,891,000 after buying an additional 10,827 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $48.74 on Friday. The stock has a 50 day moving average price of $53.01 and a 200 day moving average price of $55.27. The firm has a market capitalization of $22.15 billion, a P/E ratio of 30.12 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 dividend on an annualized basis and a dividend yield of 13.31%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.