JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 0.4%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares rose 0.4% during mid-day trading on Thursday . The stock traded as high as $51.79 and last traded at $51.50. Approximately 679,065 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 2,737,928 shares. The stock had previously closed at $51.32.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company has a 50 day simple moving average of $53.11 and a 200-day simple moving average of $50.91. The firm has a market cap of $12.46 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be paid a $0.4311 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 9.81%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently added to or reduced their stakes in JEPQ. Legacy Financial Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Global Wealth Strategies & Associates purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $27,000. Valley National Advisers Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares during the last quarter.

About JPMorgan Nasdaq Equity Premium Income ETF

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.