Sequoia Financial Advisors LLC Lowers Stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Sequoia Financial Advisors LLC lowered its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 36.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,654 shares of the company’s stock after selling 3,839 shares during the period. Sequoia Financial Advisors LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JEPQ. LPL Financial LLC boosted 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 purchasing an additional 1,017,261 shares during the period. Strategic Financial Concepts LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock valued at $518,000 after buying an additional 922,558 shares during the period. Cetera Investment Advisers boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% in the 1st quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock valued at $57,049,000 after buying an additional 890,120 shares during the period. Jane Street Group LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% in the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock valued at $43,071,000 after buying an additional 783,584 shares during the period. Finally, Osaic Holdings Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 26.0% in the 1st quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock valued at $129,587,000 after buying an additional 493,420 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.1 %

Shares of JEPQ stock opened at $55.47 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $45.57 and a 52 week high of $56.18. The stock has a market capitalization of $17.59 billion, a PE ratio of 32.10 and a beta of -0.84. The firm has a 50 day moving average of $54.09 and a two-hundred day moving average of $53.87.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were given a $0.551 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $6.61 annualized dividend and a yield of 11.92%.

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.