Magnus Financial Group LLC Sells 185,540 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Magnus Financial Group LLC lessened its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 80.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,223 shares of the company’s stock after selling 185,540 shares during the period. Magnus Financial Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,429,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 887.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 72,704 shares of the company’s stock valued at $3,630,000 after buying an additional 65,340 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 153.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,570 shares of the company’s stock valued at $228,000 after buying an additional 2,770 shares in the last quarter. Advance Capital Management Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 19.4% during the 1st quarter. Advance Capital Management Inc. now owns 8,592 shares of the company’s stock worth $466,000 after buying an additional 1,398 shares in the last quarter. Capital Market Strategies LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at $231,000. Finally, Marion Wealth Management lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7.9% in the 1st quarter. Marion Wealth Management now owns 9,702 shares of the company’s stock worth $526,000 after purchasing an additional 707 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock traded down $0.25 during trading on Tuesday, hitting $54.84. 2,897,785 shares of the stock traded hands, compared to its average volume of 2,828,299. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.95 and a 52-week high of $56.18. The firm’s fifty day moving average price is $53.47 and its 200-day moving average price is $53.78. The firm has a market capitalization of $17.10 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were paid a dividend of $0.551 per share. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 12.06%.

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.