JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stake Trimmed by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 790,795 shares of the company’s stock after selling 24,216 shares during the quarter. New York Life Investment Management LLC owned approximately 0.43% of JPMorgan Nasdaq Equity Premium Income ETF worth $39,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legacy Financial Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $27,000. Global Wealth Strategies & Associates acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $27,000. Valley National Advisers Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 48.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock valued at $37,000 after buying an additional 240 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded down $0.72 during trading on Wednesday, hitting $51.32. 3,216,757 shares of the stock traded hands, compared to its average volume of 2,763,407. The stock has a market cap of $12.12 billion, a P/E ratio of 32.10 and a beta of 0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.62 and a twelve month high of $54.47. The company has a fifty day moving average price of $53.15 and a two-hundred day moving average price of $50.87.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.4273 per share. This represents a $5.13 annualized dividend and a dividend yield of 9.99%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Monday, April 1st.

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.