JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 2.2% – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares traded up 2.2% on Monday . The stock traded as high as $60.72 and last traded at $60.70. Approximately 6,851,245 shares were traded during trading, an increase of 1% from the average session volume of 6,795,039 shares. The stock had previously closed at $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 2.2%

The stock has a market cap of $38.39 billion, a PE ratio of 32.17 and a beta of 0.82. The stock has a fifty day moving average of $59.81 and a 200-day moving average of $58.56.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after purchasing an additional 1,533,280 shares during the last quarter. Morgan Stanley grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after buying an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% in the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after buying an additional 1,231,809 shares during the last quarter. Ameriprise Financial Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after buying an additional 748,170 shares during the period. Finally, LPL Financial LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after buying an additional 589,696 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.