JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 1-Year High – Here’s Why

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.44 and last traded at $59.4340, with a volume of 938421 shares traded. The stock had previously closed at $59.22.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.3%

The company’s 50-day simple moving average is $58.55 and its 200 day simple moving average is $57.25. The stock has a market cap of $34.11 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given a $0.5761 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently made changes to their positions in JEPQ. Twin Peaks Wealth Advisors LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $26,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Hantz Financial Services Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $34,000. Finally, Russell Investments Group Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth $33,000.

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.