JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.3% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were up 1.3% during mid-day trading on Monday . The company traded as high as $60.38 and last traded at $60.16. Approximately 6,458,900 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 6,787,897 shares. The stock had previously closed at $59.39.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a market capitalization of $39.94 billion, a P/E ratio of 32.17 and a beta of 0.81. The firm has a 50-day moving average price of $59.97 and a 200 day moving average price of $58.62.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Wednesday, July 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently made changes to their positions in the business. Logan Capital Management Inc. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at about $27,000. Sankala Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. Navalign LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $33,000. Finally, Archer Investment Corp purchased 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.