Cadence Bank Purchases 27,546 Shares of JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

Cadence Bank lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 37.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,298 shares of the company’s stock after acquiring an additional 27,546 shares during the period. Cadence Bank’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $26,000. Hantz Financial Services Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares during the last quarter. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $33,000. Root Financial Partners LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $34,000. Finally, Asset Dedication LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.2% in the second quarter. Asset Dedication LLC now owns 743 shares of the company’s stock worth $40,000 after purchasing an additional 404 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.5%

NASDAQ:JEPQ opened at $56.56 on Friday. The company has a market cap of $32.64 billion, a PE ratio of 32.17 and a beta of 0.83. The company has a 50 day simple moving average of $58.29 and a two-hundred day simple moving average of $57.88. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.509 per share. This represents a c) dividend on an annualized basis and a yield of 10.8%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. The ex-dividend date was Monday, March 2nd.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.