Garden State Investment Advisory Services LLC Has $3.88 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Garden State Investment Advisory Services LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 21.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 69,915 shares of the company’s stock after acquiring an additional 12,362 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF comprises 1.3% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its 19th biggest position. Garden State Investment Advisory Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $3,883,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Beacon Capital Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $26,000. SJS Investment Consulting Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $28,000. TD Capital Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $40,000. Global Wealth Strategies & Associates grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $56,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ:JEPQ opened at $54.41 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 company has a market capitalization of $15.45 billion, a P/E ratio of 32.10 and a beta of -0.84. The company has a 50-day simple moving average of $53.13 and a 200 day simple moving average of $53.67.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a $0.5569 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $6.68 annualized dividend and a yield of 12.28%. The ex-dividend date was Tuesday, September 3rd.

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.