Kovack Advisors Inc. Buys 9,951 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Kovack Advisors Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,938 shares of the company’s stock after purchasing an additional 9,951 shares during the period. Kovack Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Legacy Financial Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at approximately $27,000. Global Wealth Strategies & Associates bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at about $27,000. Valley National Advisers Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $31,000. Hazlett Burt & Watson Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 46.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after purchasing an additional 232 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ traded up $0.72 on Friday, hitting $52.66. The stock had a trading volume of 3,631,871 shares, compared to its average volume of 2,738,557. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.62 and a 52-week high of $54.47. The business’s fifty day moving average price is $53.14 and its 200 day moving average price is $50.75. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.4273 dividend. This represents a $5.13 annualized dividend and a yield of 9.74%. The ex-dividend date was Monday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.