Stock Traders Buy Large Volume of JPMorgan Nasdaq Equity Premium Income ETF Call Options (NASDAQ:JEPQ)

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 8,205 call options on the stock. This is an increase of 91% compared to the average volume of 4,290 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at approximately $33,000. Cerity Partners LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after acquiring an additional 20,946 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after acquiring an additional 2,045 shares in the last quarter. Diversify Wealth Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after acquiring an additional 2,566 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.4%

Shares of NASDAQ:JEPQ traded up $0.80 during trading on Tuesday, reaching $59.14. 2,544,279 shares of the stock were exchanged, compared to its average volume of 6,845,779. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The stock has a 50-day moving average price of $59.70 and a 200-day moving average price of $58.65. The firm has a market cap of $40.46 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.705 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Monday, August 3rd.

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.