Appleton Partners Inc. MA Takes $201,000 Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Appleton Partners Inc. MA purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,615 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds also recently made changes to their positions in the company. Capital Market Strategies LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 53.3% during the second quarter. Capital Market Strategies LLC now owns 6,528 shares of the company’s stock worth $362,000 after buying an additional 2,271 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 42.4% during the first quarter. Cetera Advisor Networks LLC now owns 376,693 shares of the company’s stock worth $20,432,000 after purchasing an additional 112,160 shares during the last quarter. Cetera Advisors LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 67.1% during the first quarter. Cetera Advisors LLC now owns 269,247 shares of the company’s stock worth $14,604,000 after purchasing an additional 108,126 shares during the last quarter. Cetera Investment Advisers lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock worth $57,049,000 after purchasing an additional 890,120 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth about $1,231,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ stock traded down $1.11 during trading on Friday, hitting $51.14. 9,301,614 shares of the company traded hands, compared to its average volume of 2,848,047. The firm has a market capitalization of $14.52 billion, a PE ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The company has a 50-day moving average of $54.69 and a 200-day moving average of $53.51.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 5th. Shareholders of record on Thursday, August 1st will be issued a $0.4268 dividend. The ex-dividend date is Thursday, August 1st. This represents a $5.12 annualized dividend and a yield of 10.01%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.