JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 1-Year High – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price reached a new 52-week high on Friday . The stock traded as high as $59.43 and last traded at $59.2970, with a volume of 1096069 shares changing hands. The stock had previously closed at $59.29.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market cap of $32.04 billion, a PE ratio of 32.17 and a beta of 0.83. The business has a 50-day moving average price of $58.31 and a two-hundred day moving average price of $56.43.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were given a dividend of $0.5532 per share. The ex-dividend date was Monday, December 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) dividend on an annualized basis and a yield of 11.2%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $26,000. Logan Capital Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after buying an additional 351 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at about $33,000. Finally, Root Financial Partners LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $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.