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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) rose 1.3% during mid-day trading on Monday . The company traded as high as $61.06 and last traded at $61.01. 7,879,389 shares were traded during trading, an increase of 19% from the average session volume of 6,609,182 shares. The stock had previously closed at $60.24.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.3%

The business’s 50-day simple moving average is $59.39 and its two-hundred day simple moving average is $58.97. The firm has a market cap of $41.74 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently bought and sold shares of JEPQ. Sankala Group LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Main Street Group LTD purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth approximately $37,000. Dynamic Wealth Strategies LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the first quarter worth approximately $54,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 634.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,447 shares of the company’s stock worth $80,000 after buying an additional 1,250 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $87,000.

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.