JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,084,435 shares of the company’s stock after buying an additional 110,191 shares during the period. Janney Montgomery Scott LLC owned approximately 0.24% of JPMorgan Nasdaq Equity Premium Income ETF worth $56,152,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of JEPQ. Principal Securities Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 282.2% during the fourth quarter. Principal Securities Inc. now owns 111,007 shares of the company’s stock valued at $6,259,000 after purchasing an additional 81,959 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 19,568 shares of the company’s stock valued at $1,103,000 after buying an additional 1,775 shares in the last quarter. Allworth Financial LP lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 82.2% during the fourth quarter. Allworth Financial LP now owns 2,365 shares of the company’s stock valued at $137,000 after buying an additional 1,067 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 53.9% in the fourth quarter. Valmark Advisers Inc. now owns 25,285 shares of the company’s stock worth $1,426,000 after buying an additional 8,860 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,121 shares of the company’s stock worth $2,600,000 after acquiring an additional 3,564 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $53.15 on Tuesday. The firm has a 50 day simple moving average of $51.46 and a 200 day simple moving average of $54.18. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.31 and a 52 week high of $58.54. The company has a market cap of $24.83 billion, a PE ratio of 30.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were issued a $0.6207 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.45 dividend on an annualized basis and a dividend yield of 14.01%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60.

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.