Meridian Financial Partners LLC Has $2.31 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Meridian Financial Partners LLC reduced its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 33.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,741 shares of the company’s stock after selling 22,055 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up approximately 2.9% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 7th biggest position. Meridian Financial Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,305,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% during the third quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock worth $259,768,000 after buying an additional 5,466,397 shares in the last quarter. UBS Group AG increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.7% during the fourth quarter. UBS Group AG now owns 2,399,478 shares of the company’s stock worth $119,806,000 after buying an additional 378,697 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.1% during the fourth quarter. RiverFront Investment Group LLC now owns 1,976,049 shares of the company’s stock worth $98,663,000 after buying an additional 21,597 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock worth $87,883,000 after buying an additional 1,727,136 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,437,473 shares of the company’s stock worth $71,773,000 after buying an additional 227,300 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.1 %

Shares of NASDAQ:JEPQ traded down $0.06 during trading on Friday, hitting $55.50. 3,608,509 shares of the company were exchanged, compared to its average volume of 2,705,804. The business’s 50 day moving average is $53.99 and its 200-day moving average is $52.72. The company has a market capitalization of $13.11 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $44.95 and a 1-year high of $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.4497 per share. The ex-dividend date was Monday, June 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.40 annualized dividend and a dividend yield of 9.72%.

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.