JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Announces Monthly Dividend of $0.68

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) announced a monthly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.6826 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Tuesday, September 1st.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 2.0%

JPMorgan Nasdaq Equity Premium Income ETF stock traded down $1.22 during trading hours on Tuesday, hitting $59.00. The stock had a trading volume of 7,631,422 shares, compared to its average volume of 6,714,392. The stock’s 50-day moving average price is $59.50 and its 200-day moving average price is $58.80. The stock has a market capitalization of $40.37 billion, a P/E ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $27,000. Sankala Group LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $28,000. Navalign LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $33,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $33,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $35,000.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.