Saxony Capital Management LLC Has $528,000 Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Saxony Capital Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,604 shares of the company’s stock after purchasing an additional 1,569 shares during the period. Saxony Capital Management LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JEPQ. Comerica Bank grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 30.2% during the first quarter. Comerica Bank now owns 75,489 shares of the company’s stock worth $4,095,000 after buying an additional 17,500 shares during the last quarter. Concourse Financial Group Securities Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the first quarter. Concourse Financial Group Securities Inc. now owns 6,771 shares of the company’s stock worth $367,000 after buying an additional 285 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $225,000. Raymond James & Associates grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after buying an additional 303,680 shares during the last quarter. Finally, Western Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the second quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $798,000 after purchasing an additional 1,893 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $55.43 on Wednesday. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.95 and a one year high of $56.18. The company’s 50 day simple moving average is $53.96 and its 200-day simple moving average is $53.84. The stock has a market capitalization of $17.39 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.551 per share. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a dividend yield of 11.93%.

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.