JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 1-Year High – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $58.07 and last traded at $58.03, with a volume of 1052438 shares trading hands. The stock had previously closed at $57.99.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.8 %

The company’s 50-day simple moving average is $56.17 and its 200 day simple moving average is $54.75. The stock has a market cap of $18.55 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, December 2nd were given a $0.5083 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors have recently added to or reduced their stakes in JEPQ. LPL Financial LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.6% during the 3rd quarter. LPL Financial LLC now owns 8,054,339 shares of the company’s stock valued at $442,425,000 after acquiring an additional 837,415 shares during the period. International Assets Investment Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% during the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after purchasing an additional 3,029,552 shares during the period. Envestnet Asset Management Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock worth $159,473,000 after buying an additional 174,473 shares during the last quarter. RiverFront Investment Group LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the second quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock valued at $124,476,000 after buying an additional 105,765 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 19.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,795,256 shares of the company’s stock valued at $99,637,000 after buying an additional 292,808 shares during the last quarter.

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.