JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 12-Month High – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.62 and last traded at $61.53, with a volume of 1448913 shares changing hands. The stock had previously closed at $61.34.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market cap of $37.86 billion, a P/E ratio of 32.17 and a beta of 0.82. The firm’s 50-day moving average price is $59.72 and its 200 day moving average price is $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were paid a dividend of $0.5644 per share. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JEPQ. Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $33,000. Cerity Partners LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.7% during the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock worth $2,091,000 after purchasing an additional 20,946 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after purchasing an additional 2,045 shares during the period. Diversify Wealth Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock worth $1,025,000 after buying an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $2,000,000.

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.