Forum Financial Management LP Buys New Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Forum Financial Management LP bought a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,017 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.4% during the 2nd quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock worth $400,539,000 after buying an additional 1,017,261 shares during the period. International Assets Investment Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% during the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock worth $169,078,000 after acquiring an additional 3,029,552 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock worth $159,473,000 after purchasing an additional 174,473 shares during the period. Osaic Holdings Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.0% during the first quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock valued at $129,587,000 after purchasing an additional 493,420 shares during the period. Finally, RiverFront Investment Group LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock worth $124,476,000 after purchasing an additional 105,765 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.93 on Wednesday. The business has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $54.00. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $47.53 and a one year high of $56.18. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a dividend of $0.4936 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date of this dividend was Friday, November 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.