JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 52-Week High – Should You Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high on Monday . The stock traded as high as $61.62 and last traded at $61.53, with a volume of 1448913 shares trading hands. The stock had previously closed at $61.34.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a fifty day moving average price of $59.60 and a 200 day moving average price of $58.51. The firm has a market capitalization of $38.82 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date was Monday, June 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GM Advisory Group LLC lifted its position in 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 worth $1,084,000 after buying an additional 170 shares during the last quarter. Howard Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during 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 period. Red Mountain Financial LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during 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 period. Montz Harcus Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after acquiring an additional 176 shares during the period. Finally, CPC Advisors LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 4th quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock worth $1,639,000 after buying an additional 178 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.