JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 1-Year High at $54.53

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares hit a new 52-week high on Thursday . The company traded as high as $54.53 and last traded at $54.35, with a volume of 570671 shares changing hands. The stock had previously closed at $54.21.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a market capitalization of $12.86 billion, a PE ratio of 32.10 and a beta of -0.84. The business’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $51.61.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were given a dividend of $0.4311 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.17 dividend on an annualized basis and a yield of 9.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $221,000. Allworth Financial LP raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 58.5% in the fourth quarter. Allworth Financial LP now owns 1,189 shares of the company’s stock worth $59,000 after acquiring an additional 439 shares during the period. International Assets Investment Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.9% in the fourth quarter. International Assets Investment Management LLC now owns 35,252 shares of the company’s stock worth $1,760,000 after acquiring an additional 2,268 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $348,000. Finally, IFP Advisors Inc raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 29.2% in the fourth quarter. IFP Advisors Inc now owns 36,463 shares of the company’s stock worth $1,821,000 after acquiring an additional 8,237 shares during the period.

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.