Meridian Financial Partners LLC Lowers Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Meridian Financial Partners LLC reduced its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 33.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,741 shares of the company’s stock after selling 22,055 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 2.9% of Meridian Financial Partners LLC’s portfolio, making the stock its 7th largest position. Meridian Financial Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JEPQ. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock valued at $259,768,000 after buying an additional 5,466,397 shares in the last quarter. International Assets Investment Management LLC boosted its stake in 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 worth $87,883,000 after purchasing an additional 1,727,136 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth approximately $60,320,000. Royal Bank of Canada boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 106.3% in the 3rd quarter. Royal Bank of Canada now owns 1,277,849 shares of the company’s stock worth $59,970,000 after purchasing an additional 658,431 shares in the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $28,788,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock traded down $0.06 during trading on Friday, reaching $55.50. The company had a trading volume of 3,608,509 shares, compared to its average volume of 2,705,804. The firm has a 50-day simple moving average of $53.99 and a 200-day simple moving average of $52.72. The company has a market cap of $13.11 billion, a price-to-earnings 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 $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were paid a $0.4497 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.40 dividend on an annualized basis and a yield of 9.72%.

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.