JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 2% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price rose 2% during trading on Friday . The company traded as high as $58.19 and last traded at $58.05. Approximately 6,013,010 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 6,480,045 shares. The stock had previously closed at $56.93.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 2.0%

The stock has a market cap of $33.50 billion, a P/E ratio of 32.17 and a beta of 0.83. The business’s fifty day simple moving average is $58.75 and its 200 day simple moving average is $57.42.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.4657 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 9.6%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock worth $1,586,475,000 after buying an additional 7,027,261 shares during the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after acquiring an additional 1,533,280 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $58,197,000. Ameriprise Financial Inc. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after purchasing an additional 748,170 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4,392.6% in the second quarter. Quadrature Capital Ltd now owns 452,088 shares of the company’s stock worth $24,591,000 after purchasing an additional 442,025 shares during the period.

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.