Marcum Wealth LLC Sells 767 Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Marcum Wealth LLC decreased its stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,005 shares of the company’s stock after selling 767 shares during the period. Marcum Wealth LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $333,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JEPQ. Hazlett Burt & Watson Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. TD Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $40,000. Global Wealth Strategies & Associates grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the period. Roble Belko & Company Inc bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $43,000. Finally, Private Trust Co. NA grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 104.8% during the fourth quarter. Private Trust Co. NA now owns 977 shares of the company’s stock valued at $49,000 after buying an additional 500 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 2.8 %

NASDAQ:JEPQ traded down $1.42 during trading hours on Monday, hitting $49.72. 7,829,401 shares of the stock traded hands, compared to its average volume of 2,881,668. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $44.95 and a 1 year high of $56.18. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The stock has a 50 day moving average price of $54.69 and a 200 day moving average price of $53.53.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 5th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.4268 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $5.12 annualized dividend and a yield of 10.30%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

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.