Cambridge Advisors Inc. Grows Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cambridge Advisors Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,152 shares of the company’s stock after purchasing an additional 9,010 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 1.9% of Cambridge Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Cambridge Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $8,468,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JEPQ. PNC Financial Services Group Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 153.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,570 shares of the company’s stock valued at $228,000 after purchasing an additional 2,770 shares in the last quarter. Sunbelt Securities Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 666.1% in the first quarter. Sunbelt Securities Inc. now owns 8,504 shares of the company’s stock worth $461,000 after acquiring an additional 7,394 shares in the last quarter. Brookstone Capital Management grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 120.0% in the first quarter. Brookstone Capital Management now owns 33,698 shares of the company’s stock worth $1,828,000 after acquiring an additional 18,381 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth $2,717,000. Finally, Procyon Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth $1,086,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $55.25 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.95 and a 52-week high of $56.18. The firm has a fifty day moving average of $54.05 and a 200 day moving average of $53.86. The firm has a market capitalization of $17.44 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were given a $0.551 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 11.97%.

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.