Pinnacle Wealth Management Advisory Group LLC Grows Stake in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Pinnacle Wealth Management Advisory Group LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,182 shares of the company’s stock after purchasing an additional 11,229 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in JEPQ. Midwest Trust Co purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $1,045,000. ZEGA Investments LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.2% during the 2nd quarter. ZEGA Investments LLC now owns 44,351 shares of the company’s stock worth $2,413,000 after acquiring an additional 937 shares in the last quarter. Prospera Financial Services Inc increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.4% during the 2nd quarter. Prospera Financial Services Inc now owns 202,930 shares of the company’s stock valued at $11,043,000 after purchasing an additional 14,069 shares during the period. Texas Yale Capital Corp. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $207,000. Finally, Mascagni Wealth Management Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.7% in the 2nd quarter. Mascagni Wealth Management Inc. now owns 10,208 shares of the company’s stock valued at $555,000 after purchasing an additional 1,310 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ opened at $57.71 on Friday. The firm’s 50 day moving average price is $57.31 and its 200-day moving average price is $54.89. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.31 and a 52-week high of $59.42. The company has a market cap of $31.16 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, November 3rd were given a dividend of $0.4755 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a yield of 9.9%.

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.