Heritage Oak Wealth Advisors LLC Invests $2.75 Million in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Heritage Oak Wealth Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the third quarter, Holdings Channel reports. The fund bought 50,020 shares of the company’s stock, valued at approximately $2,748,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for 1.3% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 20th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEPQ. Beacon Capital Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $26,000. SJS Investment Consulting Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $28,000. CENTRAL TRUST Co acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $48,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $56,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth about $59,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.6 %

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $55.25 on Friday. The firm has a market cap of $17.44 billion, a PE ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.95 and a twelve month high of $56.18. The business has a 50-day moving average price of $54.05 and a 200 day moving average price of $53.86.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were given a $0.551 dividend. This represents a $6.61 dividend on an annualized basis and a dividend yield of 11.97%. The ex-dividend date was Tuesday, October 1st.

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.