Traynor Capital Management Inc. Makes New $451,000 Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Traynor Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,995 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $31,000. Hollencrest Capital Management purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $33,000. Sugar Maple Asset Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $41,000. Finally, Pin Oak Investment Advisors Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after purchasing an additional 575 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ opened at $58.07 on Thursday. The business has a 50 day simple moving average of $57.01 and a two-hundred day simple moving average of $55.09. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $47.67 and a 1 year high of $58.21. The firm has a market capitalization of $21.90 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were given a $0.4558 dividend. The ex-dividend date was Tuesday, December 31st.

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.