JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month High – Here’s What Happened

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high on Thursday . The stock traded as high as $60.15 and last traded at $60.10, with a volume of 3516451 shares traded. The stock had previously closed at $59.98.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The business’s 50 day moving average is $57.78 and its 200-day moving average is $58.14.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were issued a dividend of $0.591 per share. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of JEPQ. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $27,000. Sankala Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after acquiring an additional 351 shares in the last quarter. Navalign LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000.

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.