JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 2.1% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 2.1% during trading on Tuesday . The stock traded as high as $59.67 and last traded at $59.56. Approximately 8,111,874 shares changed hands during trading, an increase of 18% from the average daily volume of 6,886,804 shares. The stock had previously closed at $58.34.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business’s fifty day moving average price is $59.70 and its two-hundred day moving average price is $58.65. The stock has a market capitalization of $40.75 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd will be issued a $0.705 dividend. The ex-dividend date is Monday, August 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) annualized dividend and a dividend yield of 14.2%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently bought and sold shares of JEPQ. Bank of America Corp DE lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the period. Morgan Stanley increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after purchasing an additional 1,408,923 shares during the period. Equitable Holdings Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after purchasing an additional 1,231,809 shares during the period. LPL Financial LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the 1st quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after purchasing an additional 517,693 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.