JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 12-Month High – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.74 and last traded at $56.74, with a volume of 43167 shares traded. The stock had previously closed at $56.64.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1 %

The company has a market capitalization of $18.25 billion, a PE ratio of 32.10 and a beta of -0.84. The business’s 50-day simple moving average is $54.46 and its 200-day simple moving average is $54.12.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced 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. This represents a $5.92 annualized dividend and a dividend yield of 10.47%. The ex-dividend date was Friday, November 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aurora Private Wealth Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 5,256 shares of the company’s stock valued at $292,000 after acquiring an additional 189 shares during the last quarter. Lifestyle Asset Management Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.4% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 58,159 shares of the company’s stock valued at $3,195,000 after acquiring an additional 217 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 8,147 shares of the company’s stock valued at $452,000 after acquiring an additional 224 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 3rd quarter. Greenwich Wealth Management LLC now owns 23,449 shares of the company’s stock valued at $1,288,000 after acquiring an additional 232 shares during the last quarter. Finally, Security National Bank boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the 2nd quarter. Security National Bank now owns 2,596 shares of the company’s stock valued at $144,000 after acquiring an additional 238 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.