Cahill Financial Advisors Inc. Has $1.24 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Cahill Financial Advisors Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 4.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,482 shares of the company’s stock after buying an additional 981 shares during the period. Cahill Financial Advisors Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $1,235,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JEPQ. Salomon & Ludwin LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $25,000. Beacon Capital Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $26,000. SJS Investment Consulting Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $28,000. Hollencrest Capital Management bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $33,000. Finally, CENTRAL TRUST Co acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $48,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ opened at $56.57 on Friday. The company has a market cap of $18.25 billion, a PE ratio of 32.10 and a beta of -0.84. The firm has a 50-day moving average of $55.13 and a 200-day moving average of $54.34. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $47.67 and a one year high of $56.78.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a dividend of $0.4936 per share. This represents a $5.92 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend was Friday, November 1st.

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.