Cadence Bank Invests $225,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cadence Bank 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 Securities and Exchange Commission. The institutional investor acquired 4,100 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $25,000. Beacon Capital Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $28,000. Hollencrest Capital Management purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $33,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.5 %

JEPQ opened at $56.68 on Friday. The business’s fifty day simple moving average is $55.37 and its 200 day simple moving average is $54.44. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $57.04. The firm has a market cap of $18.29 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 10.45%.

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.