JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1.3% Higher – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) rose 1.3% on Monday . The company traded as high as $61.06 and last traded at $61.01. Approximately 7,879,389 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 6,609,182 shares. The stock had previously closed at $60.24.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.3%

The stock has a 50-day moving average of $59.39 and a 200 day moving average of $58.97. The stock has a market cap of $41.74 billion, a PE ratio of 32.17 and a beta of 0.82.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in 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 during the last quarter. Bank of America Corp DE lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after buying an additional 1,132,270 shares during the period. Royal Bank of Canada boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock worth $255,748,000 after buying an additional 517,693 shares during the last quarter. Cetera Investment Advisers grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 3,035,644 shares of the company’s stock worth $168,539,000 after acquiring an additional 204,154 shares during the period. Finally, Adams Asset Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 29.5% during the second quarter. Adams Asset Advisors LLC now owns 1,408,060 shares of the company’s stock valued at $86,539,000 after acquiring an additional 321,005 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.