JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 52-Week High at $55.87

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares hit a new 52-week high on Friday . The stock traded as high as $55.87 and last traded at $55.85, with a volume of 1841803 shares. The stock had previously closed at $55.64.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm’s 50 day moving average is $54.27 and its two-hundred day moving average is $52.85. The stock has a market capitalization of $15.42 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were paid a dividend of $0.4212 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.05 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently added to or reduced their stakes in JEPQ. Global Wealth Strategies & Associates purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $27,000. Hazlett Burt & Watson Inc. grew 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 worth $31,000 after acquiring an additional 200 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after acquiring an additional 240 shares in the last quarter. TD Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $40,000. Finally, Roble Belko & Company Inc acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $43,000.

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.