KFG Wealth Management LLC Takes Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

KFG Wealth Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,095 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds have also made changes to their positions in the company. Sloy Dahl & Holst LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.5% in the first quarter. Sloy Dahl & Holst LLC now owns 21,280 shares of the company’s stock valued at $1,154,000 after acquiring an additional 5,345 shares during the last quarter. Silverlake Wealth Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 223.1% in the 1st quarter. Silverlake Wealth Management LLC now owns 14,309 shares of the company’s stock valued at $776,000 after purchasing an additional 9,880 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,506 shares of the company’s stock worth $624,000 after purchasing an additional 819 shares during the period. Requisite Capital Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.6% during the 1st quarter. Requisite Capital Management LLC now owns 655,953 shares of the company’s stock worth $35,579,000 after purchasing an additional 83,785 shares during the period. Finally, Oxinas Partners Wealth Management LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at approximately $611,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock traded up $0.19 during midday trading on Wednesday, reaching $55.64. 3,661,011 shares of the company’s stock traded hands, compared to its average volume of 2,718,743. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.95 and a fifty-two week high of $55.84. The business has a 50-day moving average price of $54.13 and a two-hundred day moving average price of $52.81. The company has a market capitalization of $13.14 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, July 1st will be issued a dividend of $0.4212 per share. This represents a $5.05 dividend on an annualized basis and a yield of 9.08%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend is Monday, July 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.