Garden State Investment Advisory Services LLC Boosts Stock Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Garden State Investment Advisory Services LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,643 shares of the company’s stock after acquiring an additional 5,728 shares during the quarter. JPMorgan Nasdaq Equity Premium Income ETF accounts for about 1.1% of Garden State Investment Advisory Services LLC’s holdings, making the stock its 22nd biggest position. Garden State Investment Advisory Services LLC’s holdings in JPMorgan Nasdaq Equity Premium Income ETF were worth $4,158,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in JEPQ. Salomon & Ludwin LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $25,000. Beacon Capital Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $28,000. Hollencrest Capital Management acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $33,000. Finally, Pin Oak Investment Advisors Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock valued at $44,000 after acquiring an additional 575 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7 %

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.09 on Monday. The stock has a 50-day moving average price of $55.42 and a 200 day moving average price of $54.47. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $57.13. The stock has a market cap of $18.42 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4936 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.38%.

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.