JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1.3% Higher

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 1.3% during mid-day trading on Friday . The stock traded as high as $52.79 and last traded at $52.58. 1,163,705 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 2,737,873 shares. The stock had previously closed at $51.90.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market cap of $12.46 billion, a PE ratio of 32.10 and a beta of -0.84. The company has a 50 day moving average price of $53.11 and a 200 day moving average price of $50.94.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be issued a $0.4311 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date is Wednesday, May 1st. This represents a $5.17 annualized dividend and a dividend yield of 9.81%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Csenge Advisory Group increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 37.0% during the 1st quarter. Csenge Advisory Group now owns 8,901 shares of the company’s stock worth $483,000 after purchasing an additional 2,403 shares during the period. Etfidea LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 26.0% during the first quarter. Etfidea LLC now owns 22,842 shares of the company’s stock worth $1,239,000 after buying an additional 4,709 shares during the period. Central Pacific Bank Trust Division purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at about $221,000. RiverFront Investment Group LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the 1st quarter. RiverFront Investment Group LLC now owns 2,137,181 shares of the company’s stock valued at $115,920,000 after acquiring an additional 161,132 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter worth approximately $59,000.

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.