JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $59.08 and traded as high as $59.82. JPMorgan Nasdaq Equity Premium Income ETF shares last traded at $59.70, with a volume of 4,549,565 shares traded.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.1%

The stock has a market cap of $43.56 billion, a P/E ratio of 32.17 and a beta of 0.82. The company’s 50 day moving average price is $60.11 and its 200-day moving average price is $59.08.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 20.2% in the 2nd quarter. Tucker Asset Management LLC now owns 63,336 shares of the company’s stock worth $3,893,000 after buying an additional 10,642 shares during the period. NewEdge Advisors LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 14.3% during the 2nd quarter. NewEdge Advisors LLC now owns 632,916 shares of the company’s stock valued at $38,899,000 after acquiring an additional 79,116 shares during the period. KFG Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 13.8% during the 2nd quarter. KFG Wealth Management LLC now owns 94,423 shares of the company’s stock valued at $5,803,000 after acquiring an additional 11,458 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 97.1% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 18,696 shares of the company’s stock valued at $1,145,000 after acquiring an additional 9,209 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 254,749 shares of the company’s stock worth $15,657,000 after acquiring an additional 10,487 shares in 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.