Royal Bank of Canada Increases Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Royal Bank of Canada increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,013,607 shares of the company’s stock after purchasing an additional 561,095 shares during the period. Royal Bank of Canada owned 0.77% of JPMorgan Nasdaq Equity Premium Income ETF worth $169,907,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JEPQ. JPMorgan Chase & Co. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 17,450,160 shares of the company’s stock worth $958,537,000 after purchasing an additional 1,028,135 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 24.9% in the 4th quarter. Park Avenue Securities LLC now owns 23,101 shares of the company’s stock worth $1,302,000 after buying an additional 4,603 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $1,717,000. Arkadios Wealth Advisors lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 17.3% during the fourth quarter. Arkadios Wealth Advisors now owns 49,197 shares of the company’s stock valued at $2,774,000 after acquiring an additional 7,265 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 80.8% during the fourth quarter. Ameritas Advisory Services LLC now owns 102,253 shares of the company’s stock valued at $5,765,000 after acquiring an additional 45,700 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

NASDAQ JEPQ opened at $52.52 on Monday. The firm’s fifty day simple moving average is $50.89 and its two-hundred day simple moving average is $54.71. The firm has a market capitalization of $24.54 billion, a P/E ratio of 30.01 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, May 1st were paid a dividend of $0.5979 per share. This represents a $7.17 annualized dividend and a yield of 13.66%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54. The ex-dividend date was Thursday, May 1st.

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.