JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Purchased by Morse Asset Management Inc

Morse Asset Management Inc lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,281 shares of the company’s stock after purchasing an additional 629 shares during the period. Morse Asset Management Inc’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $174,675,000. JPMorgan Chase & Co. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after buying an additional 2,805,860 shares during the period. Bank of America Corp DE boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock valued at $445,968,000 after purchasing an additional 1,085,222 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock valued at $56,889,000 after purchasing an additional 991,227 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after purchasing an additional 860,019 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $52.23 on Tuesday. The stock has a market capitalization of $24.40 billion, a PE ratio of 28.28 and a beta of -0.84. The firm’s fifty day moving average price is $50.92 and its 200 day moving average price is $54.79. 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 business also recently declared a monthly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, May 1st were issued a $0.5979 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54. This represents a $7.17 annualized dividend and a yield of 13.74%.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.