JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.3% – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was up 1.3% during trading on Thursday . The stock traded as high as $60.30 and last traded at $60.24. Approximately 4,907,819 shares changed hands during trading, a decline of 27% from the average session volume of 6,764,757 shares. The stock had previously closed at $59.45.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market capitalization of $40.40 billion, a PE ratio of 32.17 and a beta of 0.81. The business’s 50 day moving average is $60.06 and its two-hundred day moving average is $58.68.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.6366 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.6%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JEPQ. JFS Wealth Advisors LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $170,000. Clarus Wealth Advisors purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $471,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,187 shares of the company’s stock valued at $1,732,000 after acquiring an additional 2,657 shares during the last quarter. Community Financial Services Group LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1,475.0% during the second quarter. Community Financial Services Group LLC now owns 3,150 shares of the company’s stock worth $190,000 after acquiring an additional 2,950 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 132,470 shares of the company’s stock worth $8,142,000 after acquiring an additional 4,335 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.