Ellis Investment Partners LLC Grows Stock Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Ellis Investment Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 225,806 shares of the company’s stock after acquiring an additional 19,231 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 2.7% of Ellis Investment Partners LLC’s portfolio, making the stock its 8th largest position. Ellis Investment Partners LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $12,532,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Beacon Capital Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $28,000. Global Wealth Strategies & Associates grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% in the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. TD Capital Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $56,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.9 %

JEPQ stock opened at $51.36 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $44.95 and a 52 week high of $56.18. The firm has a market capitalization of $14.58 billion, a P/E ratio of 32.10 and a beta of -0.84. The company has a fifty day simple moving average of $53.58 and a two-hundred day simple moving average of $53.64.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.5569 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 13.01%.

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.