JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 1-Year High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares hit a new 52-week high on Wednesday . The company traded as high as $60.61 and last traded at $60.60, with a volume of 7908836 shares trading hands. The stock had previously closed at $60.21.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a market cap of $38.33 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The stock’s fifty day simple moving average is $58.03 and its two-hundred day simple moving average is $58.19.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were issued a $0.591 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date was Friday, May 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently made changes to their positions in the stock. GM Advisory Group LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock valued at $1,084,000 after purchasing an additional 170 shares during the last quarter. Howard Wealth Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after purchasing an additional 173 shares during the last quarter. Red Mountain Financial LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the 1st quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares during the last quarter. Montz Harcus Wealth Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after purchasing an additional 176 shares during the last quarter. Finally, Fortis Advisors LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the 3rd quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after purchasing an additional 177 shares during the last quarter.

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.