Forefront Wealth Management Inc. Purchases New Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Forefront Wealth Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 74,174 shares of the company’s stock, valued at approximately $4,182,000. JPMorgan Nasdaq Equity Premium Income ETF makes up about 3.9% of Forefront Wealth Management Inc.’s holdings, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of JEPQ. Runnymede Capital Advisors Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $1,016,000. Wealth Advisors of Iowa LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 17.8% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 137,091 shares of the company’s stock worth $7,729,000 after purchasing an additional 20,737 shares in the last quarter. Absolute Capital Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $804,000. RWQ Financial Management Services Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.8% during the 4th quarter. RWQ Financial Management Services Inc. now owns 111,212 shares of the company’s stock worth $6,270,000 after purchasing an additional 13,470 shares in the last quarter. Finally, HUB Investment Partners LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.3% during the 4th quarter. HUB Investment Partners LLC now owns 175,290 shares of the company’s stock worth $9,883,000 after purchasing an additional 46,691 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.3 %

Shares of NASDAQ:JEPQ opened at $52.80 on Friday. The company’s 50 day moving average price is $55.99 and its two-hundred day moving average price is $55.78. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $58.54. The firm has a market cap of $20.79 billion, a PE ratio of 30.59 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.4824 per share. The ex-dividend date was Monday, March 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

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.