KFG Wealth Management LLC Has $872,000 Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

KFG Wealth Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 55.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,716 shares of the company’s stock after buying an additional 5,621 shares during the period. KFG Wealth Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $872,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. UBS Group AG lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 18.7% in the fourth quarter. UBS Group AG now owns 2,399,478 shares of the company’s stock valued at $119,806,000 after acquiring an additional 378,697 shares during the last quarter. Osaic Holdings Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 26.0% in the 1st quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock valued at $129,587,000 after purchasing an additional 493,420 shares during the last quarter. RiverFront Investment Group LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the first quarter. RiverFront Investment Group LLC now owns 2,137,181 shares of the company’s stock worth $115,920,000 after purchasing an additional 161,132 shares during the period. Commonwealth Equity Services LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.5% during the first quarter. Commonwealth Equity Services LLC now owns 1,502,448 shares of the company’s stock worth $81,493,000 after buying an additional 64,975 shares during the last quarter. Finally, Raymond James & Associates raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% in the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock valued at $64,497,000 after buying an additional 303,680 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1 %

Shares of JEPQ traded up $0.08 during mid-day trading on Friday, reaching $53.45. The company’s stock had a trading volume of 1,688,838 shares, compared to its average volume of 2,876,164. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.95 and a 1-year high of $56.18. The business has a 50-day simple moving average of $54.13 and a two-hundred day simple moving average of $53.51. The stock has a market cap of $15.17 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, August 1st were given a dividend of $0.4268 per share. This represents a $5.12 dividend on an annualized basis and a yield of 9.58%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Thursday, August 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.