Principle Wealth Partners LLC Buys 6,631 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Principle Wealth Partners LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,225 shares of the company’s stock after buying an additional 6,631 shares during the quarter. Principle Wealth Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,106,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Financial Group LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Global Wealth Strategies & Associates bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $27,000. Valley National Advisers Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $31,000. Hazlett Burt & Watson Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ:JEPQ traded up $0.72 on Friday, reaching $52.66. 3,636,418 shares of the company’s stock were exchanged, compared to its average volume of 2,738,557. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.62 and a 52 week high of $54.47. The stock has a fifty day simple moving average of $53.14 and a 200-day simple moving average of $50.78.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.4273 per share. This represents a $5.13 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date was Monday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.