JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.1% – Here’s Why

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 1.1% during trading on Wednesday . The company traded as high as $58.72 and last traded at $58.70. 4,683,972 shares traded hands during trading, a decline of 23% from the average session volume of 6,122,104 shares. The stock had previously closed at $58.09.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.1%

The company’s 50-day moving average is $58.57 and its 200 day moving average is $57.73. The firm has a market cap of $33.87 billion, a PE ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.4657 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently made changes to their positions in the business. Tempo Wealth LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $816,000. Catalyst Investment Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $407,000. Bauman Advisory Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $1,208,000. White Knight Strategic Wealth Advisors LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 50.6% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,948 shares of the company’s stock valued at $346,000 after buying an additional 1,998 shares during the period. Finally, Wick Capital Partners LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% during the 4th quarter. Wick Capital Partners LLC now owns 173,878 shares of the company’s stock valued at $10,106,000 after acquiring an additional 6,197 shares in 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.