JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 1-Year High – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.15 and last traded at $60.10, with a volume of 3516451 shares changing hands. The stock had previously closed at $59.98.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business’s fifty day moving average is $57.88 and its 200-day moving average is $58.16. The firm has a market cap of $38.08 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were given a dividend of $0.591 per share. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GM Advisory Group LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock valued at $1,084,000 after purchasing an additional 170 shares during the period. Howard Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after purchasing an additional 173 shares during the period. Red Mountain Financial LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the 1st quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares during the period. Montz Harcus Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after purchasing an additional 176 shares during the period. Finally, Fortis Advisors LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the 3rd quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after purchasing an additional 177 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.