JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 1% – Still a Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) rose 1% on Tuesday . The company traded as high as $60.33 and last traded at $60.19. Approximately 9,432,023 shares were traded during trading, an increase of 39% from the average session volume of 6,771,111 shares. The stock had previously closed at $59.59.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company has a 50-day simple moving average of $60.11 and a 200-day simple moving average of $58.70. The stock has a market cap of $39.80 billion, a PE ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.6366 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 429.2% during the 2nd quarter. Highline Wealth Partners LLC now owns 2,884 shares of the company’s stock valued at $177,000 after acquiring an additional 2,339 shares during the period. Sherry Group Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $212,000. Syntegra Private Wealth Group LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 8.4% during the second quarter. Syntegra Private Wealth Group LLC now owns 11,475 shares of the company’s stock worth $705,000 after purchasing an additional 892 shares in the last quarter. Fifth Third Securities Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $438,000. Finally, Spire Wealth Management grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 13.6% in the second quarter. Spire Wealth Management now owns 159,768 shares of the company’s stock valued at $9,819,000 after purchasing an additional 19,111 shares during the last quarter.

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.