JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 1.3% – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price was up 1.3% on Thursday . The stock traded as high as $60.30 and last traded at $60.24. 4,907,819 shares were traded during trading, a decline of 27% from the average daily volume of 6,764,757 shares. The stock had previously closed at $59.45.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.3%

The stock has a market capitalization of $40.24 billion, a PE ratio of 32.17 and a beta of 0.81. The stock’s 50 day moving average price is $60.01 and its 200-day moving average price is $58.66.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in JEPQ. Focus Financial Network Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 115.9% during the second quarter. Focus Financial Network Inc. now owns 19,044 shares of the company’s stock valued at $1,170,000 after acquiring an additional 10,223 shares in the last quarter. Allied Private Wealth LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth approximately $529,000. Herbst Group LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7.2% in the second quarter. Herbst Group LLC now owns 41,110 shares of the company’s stock worth $2,527,000 after purchasing an additional 2,767 shares in the last quarter. Tactive Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 2nd quarter. Tactive Advisors LLC now owns 20,080 shares of the company’s stock worth $1,234,000 after purchasing an additional 206 shares during the period. Finally, Adamsbrown Wealth Consultants LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $216,000.

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.