M&T Bank Corp Invests $243,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

M&T Bank Corp purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,684 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPQ. First Pacific Financial bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth $25,000. Future Financial Wealth Managment LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth $26,000. O Shaughnessy Asset Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the last quarter. Capital A Wealth Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 111.3% in the first quarter. Valley National Advisers Inc. now owns 581 shares of the company’s stock valued at $30,000 after acquiring an additional 306 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $54.69 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.31 and a 1 year high of $58.54. The business has a 50-day moving average of $53.21 and a two-hundred day moving average of $53.63. The company has a market capitalization of $28.20 billion, a P/E ratio of 32.17 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were issued a $0.4942 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $5.93 annualized dividend and a dividend yield of 10.84%.

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.