JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 12-Month High – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $60.61 and last traded at $60.60, with a volume of 7908836 shares traded. The stock had previously closed at $60.21.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.3%

The company has a 50-day simple moving average of $58.17 and a two-hundred day simple moving average of $58.23. The stock has a market cap of $38.55 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were given a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 11.6%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in JEPQ. D.A. Davidson & CO. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the fourth quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock valued at $6,532,000 after purchasing an additional 13,200 shares in the last quarter. Choreo LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 499.0% in the third quarter. Choreo LLC now owns 59,746 shares of the company’s stock worth $3,437,000 after buying an additional 49,772 shares in the last quarter. Clear Creek Financial Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock worth $1,631,000 after buying an additional 9,340 shares in the last quarter. Ethos Capital Management Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $1,105,000. Finally, Caprock Group LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $1,901,000.

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.