Masso Torrence Wealth Management Inc. Purchases 14,872 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Masso Torrence Wealth Management Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 42.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,808 shares of the company’s stock after purchasing an additional 14,872 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF makes up 1.7% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 18th biggest holding. Masso Torrence Wealth Management Inc.’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $2,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 35.4% in the third quarter. International Assets Investment Management LLC now owns 32,984 shares of the company’s stock worth $1,535,000 after purchasing an additional 8,628 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4,007.6% during the third quarter. Global Retirement Partners LLC now owns 10,228 shares of the company’s stock worth $477,000 after purchasing an additional 9,979 shares during the period. Independence Bank of Kentucky purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $34,000. Montecito Bank & Trust bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $378,000. Finally, DAVENPORT & Co LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 17.6% during the third quarter. DAVENPORT & Co LLC now owns 48,331 shares of the company’s stock valued at $2,268,000 after purchasing an additional 7,217 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

NASDAQ JEPQ traded down $0.02 during trading hours on Wednesday, reaching $52.08. 1,926,021 shares of the company’s stock traded hands, compared to its average volume of 2,715,567. The firm has a market cap of $11.96 billion, a PE ratio of 33.29 and a beta of -0.84. The firm has a 50-day simple moving average of $53.15 and a 200 day simple moving average of $50.70. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $44.12 and a 52-week high of $54.47.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a $0.4273 dividend. This represents a $5.13 annualized dividend and a yield of 9.85%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 1st.

JPMorgan Nasdaq Equity Premium Income ETF Company 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.