JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.3% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) rose 1.3% on Monday . The company traded as high as $60.38 and last traded at $60.16. Approximately 6,458,900 shares changed hands during trading, a decline of 5% from the average session volume of 6,787,897 shares. The stock had previously closed at $59.39.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2%

The firm has a market cap of $39.71 billion, a PE ratio of 32.17 and a beta of 0.81. The firm’s fifty day simple moving average is $60.00 and its two-hundred day simple moving average is $58.65.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.6366 dividend. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares during the last quarter. Morgan Stanley increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after acquiring an additional 1,231,809 shares during the last quarter. Ameriprise Financial Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares during the last quarter. Finally, LPL Financial LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.