JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.3% After Dividend Announcement

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 1.3% during trading on Tuesday after the company announced a dividend. The stock traded as high as $61.56 and last traded at $61.46. 6,321,738 shares changed hands during trading, a decline of 7% from the average daily volume of 6,794,684 shares. The stock had previously closed at $60.70.

The newly announced dividend which will be paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st will be given a $0.6366 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company’s 50 day moving average price is $59.94 and its 200 day moving average price is $58.60. The company has a market cap of $39.24 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JEPQ. Global Wealth Strategies & Associates lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the 2nd quarter. Global Wealth Strategies & Associates now owns 11,252 shares of the company’s stock worth $692,000 after acquiring an additional 799 shares during the last quarter. MTM Financial Group LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7.1% during the 1st quarter. MTM Financial Group LLC now owns 127,568 shares of the company’s stock valued at $7,083,000 after purchasing an additional 8,510 shares during the period. PVG Asset Management Corp grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 444.9% in the 1st quarter. PVG Asset Management Corp now owns 280,457 shares of the company’s stock valued at $17,158,000 after buying an additional 228,985 shares during the last quarter. S&A Financial Services Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at approximately $3,589,000. Finally, FAS Wealth Partners Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 3.0% in the 1st quarter. FAS Wealth Partners Inc. now owns 79,708 shares of the company’s stock worth $4,425,000 after buying an additional 2,345 shares during the period.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.