JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.3% Following Dividend Announcement

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 1.3% on Tuesday after the company announced a dividend. The stock traded as high as $61.56 and last traded at $61.46. 6,321,738 shares were traded during trading, a decline of 7% from the average daily volume of 6,794,684 shares. The stock had previously closed at $60.70.

The newly announced dividend which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be issued a $0.6366 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.9%.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company has a fifty day moving average price of $59.94 and a two-hundred day moving average price of $58.60. The firm has a market cap of $39.24 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently made changes to their positions in the business. GM Advisory Group LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after purchasing an additional 170 shares in the last quarter. Howard Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock worth $214,000 after buying an additional 173 shares in the last quarter. Red Mountain Financial LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock worth $237,000 after buying an additional 175 shares during the last quarter. Montz Harcus Wealth Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after buying an additional 176 shares in the last quarter. Finally, CPC Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the 4th quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock valued at $1,639,000 after acquiring an additional 178 shares during the last quarter.

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.