JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares rose 1% during mid-day trading on Tuesday . The stock traded as high as $60.33 and last traded at $60.19. Approximately 9,432,023 shares changed hands during trading, an increase of 39% from the average daily volume of 6,771,111 shares. The stock had previously closed at $59.59.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.0%

The stock has a market cap of $40.20 billion, a P/E ratio of 32.17 and a beta of 0.81. The firm’s 50 day simple moving average is $60.07 and its two-hundred day simple moving average is $58.68.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently bought and sold shares of the business. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $28,000. Navalign LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $33,000. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $33,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $34,000.

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