Flagstar Advisors Inc. Increases Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Flagstar Advisors Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 14.9% during the third quarter, HoldingsChannel reports. The firm owned 33,243 shares of the company’s stock after acquiring an additional 4,302 shares during the period. Flagstar Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $25,000. Beacon Capital Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth $28,000. Hollencrest Capital Management purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $33,000. Finally, CENTRAL TRUST Co acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2 %

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $56.57 on Friday. The company has a 50-day moving average price of $55.08 and a 200 day moving average price of $54.32. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $56.78. The stock has a market cap of $18.25 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4936 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.47%.

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.