JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month High – What’s Next?

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.8 %

The firm’s 50-day moving average price is $56.17 and its 200-day moving average price is $54.75. The company 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 business also recently declared a dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, December 2nd were issued a $0.5083 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42. The ex-dividend date was Monday, December 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.3% in the second quarter. Richard W. Paul & Associates LLC now owns 35,247 shares of the company’s stock valued at $1,956,000 after acquiring an additional 4,939 shares during the period. Precedent Wealth Partners LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $546,000. Bridge Advisory LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 70.0% in the second quarter. Bridge Advisory LLC now owns 9,628 shares of the company’s stock worth $534,000 after purchasing an additional 3,963 shares during the period. &PARTNERS bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $510,000. Finally, Secure Asset Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $212,000.

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.