GAMMA Investing LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

GAMMA Investing LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,507 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock valued at $87,883,000 after purchasing an additional 1,727,136 shares during the period. Global Assets Advisory LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $60,320,000. Cetera Investment Advisers boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the 1st quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock worth $57,049,000 after acquiring an additional 890,120 shares during the last quarter. Jane Street Group LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% during the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock worth $43,071,000 after acquiring an additional 783,584 shares during the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,788,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ traded down $1.49 during trading hours on Monday, reaching $49.65. 7,777,551 shares of the stock were exchanged, compared to its average volume of 2,881,281. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.95 and a twelve month high of $56.18. The firm has a 50 day moving average of $54.69 and a 200 day moving average of $53.53. The stock has a market cap of $14.10 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 5th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.4268 per share. The ex-dividend date is Thursday, August 1st. This represents a $5.12 dividend on an annualized basis and a yield of 10.31%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.