JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.3%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were up 1.3% during trading on Tuesday . The company traded as high as $52.06 and last traded at $51.96. Approximately 1,062,437 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 2,696,941 shares. The stock had previously closed at $51.31.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business has a 50-day moving average price of $53.15 and a 200 day moving average price of $50.71. The stock has a market capitalization of $11.99 billion, a P/E ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a $0.4273 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date was Monday, April 1st.

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. DAVENPORT & Co LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 17.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 48,331 shares of the company’s stock worth $2,268,000 after acquiring an additional 7,217 shares during the last quarter. Avior Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 67.4% during the 3rd quarter. Avior Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $52,000 after buying an additional 444 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 46.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after buying an additional 232 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 19,001 shares of the company’s stock valued at $892,000 after buying an additional 858 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 38.3% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 8,300 shares of the company’s stock valued at $390,000 after buying an additional 2,300 shares during 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.