JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 0.7% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price shot up 0.7% on Friday . The stock traded as high as $51.47 and last traded at $51.46. 2,196,167 shares were traded during mid-day trading, a decline of 49% from the average session volume of 4,285,758 shares. The stock had previously closed at $51.08.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.8 %

The firm’s fifty day simple moving average is $51.34 and its two-hundred day simple moving average is $54.95. The company has a market capitalization of $24.06 billion, a price-to-earnings ratio of 28.28 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, May 1st will be given a $0.5979 dividend. This represents a $7.17 annualized dividend and a yield of 13.93%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54. The ex-dividend date of this dividend is Thursday, May 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently modified their holdings of JEPQ. Venturi Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the period. Fortis Advisors LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the 4th quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after acquiring an additional 198 shares during the period. Mayflower Financial Advisors LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.2% in the 4th quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock valued at $282,000 after acquiring an additional 200 shares during the period. Round Rock Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock worth $808,000 after purchasing an additional 200 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 27.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock worth $53,000 after purchasing an additional 200 shares during the period.

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.