New Wave Wealth Advisors LLC Takes $1.97 Million Position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

New Wave Wealth Advisors LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,483 shares of the company’s stock, valued at approximately $1,969,000. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 1.1% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its stake in 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 valued at $400,539,000 after buying an additional 1,017,261 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock valued at $159,473,000 after acquiring an additional 174,473 shares during the period. Osaic Holdings Inc. raised its holdings in 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 worth $129,587,000 after purchasing an additional 493,420 shares in the last quarter. RiverFront Investment Group LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 8.2% in the first quarter. RiverFront Investment Group LLC now owns 2,137,181 shares of the company’s stock worth $115,920,000 after purchasing an additional 161,132 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 19.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,795,256 shares of the company’s stock worth $99,637,000 after purchasing an additional 292,808 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ opened at $54.93 on Tuesday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The stock has a fifty day moving average price of $53.09 and a two-hundred day moving average price of $53.74. The firm has a market cap of $15.59 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.5569 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 12.17%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

JPMorgan Nasdaq Equity Premium Income ETF 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.