B. Riley Wealth Advisors Inc. Takes $875,000 Position in JPMorgan Nasdaq Equity Premium Income ETF $JEPQ

B. Riley Wealth Advisors Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,094 shares of the company’s stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 184.2% in the first quarter. EverSource Wealth Advisors LLC now owns 11,746 shares of the company’s stock valued at $608,000 after purchasing an additional 7,613 shares during the period. Cresset Asset Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 74.0% during the 1st quarter. Cresset Asset Management LLC now owns 48,250 shares of the company’s stock worth $2,498,000 after buying an additional 20,518 shares during the last quarter. Raymond James Financial Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 23.3% in the first quarter. Raymond James Financial Inc. now owns 3,818,537 shares of the company’s stock valued at $197,724,000 after purchasing an additional 720,369 shares during the period. Cascade Financial Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 1st quarter. Cascade Financial Partners LLC now owns 3,886 shares of the company’s stock valued at $201,000 after buying an additional 245 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.7% in the 1st quarter. Aptus Capital Advisors LLC now owns 37,680 shares of the company’s stock worth $1,951,000 after acquiring an additional 3,938 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $57.99 on Tuesday. The stock has a market capitalization of $31.31 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The business has a 50-day moving average of $58.06 and a 200 day moving average of $56.07. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $44.31 and a 12 month high of $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were given a dividend of $0.5532 per share. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 11.4%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48.

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.