StoneCrest Wealth Management Inc. Reduces Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

StoneCrest Wealth Management Inc. cut its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,195 shares of the company’s stock after selling 2,670 shares during the period. JPMorgan Nasdaq Equity Premium Income ETF makes up 3.4% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. StoneCrest Wealth Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,625,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its stake 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $56,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $59,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.53 on Wednesday. The firm has a 50 day moving average price of $53.17 and a 200 day moving average price of $53.76. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $44.95 and a fifty-two week high of $56.18. The company has a market capitalization of $16.92 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were paid a $0.551 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 dividend on an annualized basis and a dividend yield of 12.13%.

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.