JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 1-Year High – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.08 and last traded at $58.07, with a volume of 2611823 shares. The stock had previously closed at $57.67.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.8 %

The company’s 50-day moving average price is $56.35 and its two-hundred day moving average price is $54.84. The company has a market cap of $18.76 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $33,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock valued at $44,000 after purchasing an additional 575 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $48,000. Finally, WR Wealth Planners LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1,691.5% in the 2nd quarter. WR Wealth Planners LLC now owns 1,272 shares of the company’s stock valued at $71,000 after acquiring an additional 1,201 shares in the last quarter.

About JPMorgan Nasdaq Equity Premium Income ETF

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.