Spire Wealth Management Reduces Stock Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Spire Wealth Management reduced its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 65,424 shares of the company’s stock after selling 4,266 shares during the period. Spire Wealth Management’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AllSquare Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 91.6% in the 1st quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $35,000. SVB Wealth LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at $36,000. Bear Mountain Capital Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.4% during the 1st quarter. Bear Mountain Capital Inc. now owns 1,046 shares of the company’s stock valued at $54,000 after buying an additional 250 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.7% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 1,076 shares of the company’s stock valued at $56,000 after buying an additional 271 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $58.96 on Friday. The stock’s fifty day moving average is $57.00 and its 200 day moving average is $54.46. The firm has a market capitalization of $31.86 billion, a PE ratio of 32.17 and a beta of 0.83. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.31 and a fifty-two week high of $59.28.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a $0.4461 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 9.1%.

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.