JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.3%

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 1.3% on Friday . The company traded as high as $52.79 and last traded at $52.58. 1,163,705 shares traded hands during trading, a decline of 57% from the average session volume of 2,737,873 shares. The stock had previously closed at $51.90.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The business has a 50 day moving average of $53.11 and a 200 day moving average of $50.91. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.4311 per share. This represents a $5.17 dividend on an annualized basis and a yield of 9.81%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, May 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEPQ. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock worth $259,768,000 after acquiring an additional 5,466,397 shares during the period. LPL Financial LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 32.3% in the third quarter. LPL Financial LLC now owns 3,640,211 shares of the company’s stock valued at $170,835,000 after buying an additional 889,644 shares in the last quarter. Envestnet Asset Management Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 89.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,995,475 shares of the company’s stock worth $140,578,000 after purchasing an additional 1,415,166 shares in the last quarter. UBS Group AG lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.7% in the 4th quarter. UBS Group AG now owns 2,399,478 shares of the company’s stock valued at $119,806,000 after acquiring an additional 378,697 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the first quarter. RiverFront Investment Group LLC now owns 2,137,181 shares of the company’s stock valued at $115,920,000 after purchasing an additional 161,132 shares in 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.