Forum Financial Management LP Takes $221,000 Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Forum Financial Management LP acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,017 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after purchasing an additional 3,029,552 shares during the period. LPL Financial LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% during the 2nd quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock worth $400,539,000 after acquiring an additional 1,017,261 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% during the second quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock valued at $518,000 after acquiring an additional 922,558 shares during the period. Cetera Investment Advisers grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 550.6% in the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock valued at $57,049,000 after purchasing an additional 890,120 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% in the first quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock worth $43,071,000 after purchasing an additional 783,584 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $54.93 on Wednesday. The stock has a market capitalization of $17.72 billion, a PE ratio of 32.10 and a beta of -0.84. The stock has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $54.00. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.53 and a twelve month high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a $0.4936 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.92 annualized dividend and a dividend yield of 10.78%.

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.