JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price was up 1% during trading on Tuesday . The stock traded as high as $60.33 and last traded at $60.19. Approximately 9,432,023 shares changed hands during trading, an increase of 39% from the average daily volume of 6,771,111 shares. The stock had previously closed at $59.59.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.0%

The company’s 50-day moving average is $60.07 and its two-hundred day moving average is $58.68. The stock has a market capitalization of $40.20 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.6366 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.7%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at approximately $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $28,000. Navalign LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $33,000. Russell Investments Group Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $33,000. Finally, Archer Investment Corp bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $34,000.

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.