JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 1-Year High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price hit a new 52-week high on Monday . The stock traded as high as $56.82 and last traded at $56.82, with a volume of 72085 shares. The stock had previously closed at $56.57.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.4 %

The firm’s fifty day moving average price is $55.13 and its 200-day moving average price is $54.36. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.4936 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 annualized dividend and a yield of 10.43%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JEPQ. Glen Eagle Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the 3rd quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock worth $147,000 after buying an additional 188 shares during the last quarter. Aurora Private Wealth Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% in 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 period. Lifestyle Asset Management Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 58,159 shares of the company’s stock valued at $3,195,000 after purchasing an additional 217 shares during the last quarter. Main Street Financial Solutions LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 8,147 shares of the company’s stock valued at $452,000 after purchasing an additional 224 shares during the last quarter. Finally, Greenwich Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the 3rd quarter. Greenwich Wealth Management LLC now owns 23,449 shares of the company’s stock valued at $1,288,000 after purchasing an additional 232 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.