JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 52-Week High – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) reached a new 52-week high during trading on Friday . The company traded as high as $58.59 and last traded at $58.58, with a volume of 1194884 shares. The stock had previously closed at $58.14.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7%

The company has a market cap of $31.45 billion, a P/E ratio of 32.17 and a beta of -0.84. The business’s 50 day simple moving average is $56.71 and its 200 day simple moving average is $54.20.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.4461 per share. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date was Wednesday, October 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.44.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $26,000. AllSquare Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 91.6% during the 1st quarter. AllSquare Wealth Management LLC now owns 502 shares of the company’s stock valued at $26,000 after buying an additional 240 shares in the last quarter. Valley National Advisers Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 111.3% during the 1st quarter. Valley National Advisers Inc. now owns 581 shares of the company’s stock valued at $30,000 after buying an additional 306 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $33,000. Finally, Mascoma Wealth Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at approximately $34,000.

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.