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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was up 1% during mid-day trading on Monday . The stock traded as high as $56.99 and last traded at $56.34. Approximately 10,154,377 shares traded hands during trading, an increase of 54% from the average daily volume of 6,603,281 shares. The stock had previously closed at $55.76.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.0%

The firm’s 50 day simple moving average is $58.09 and its two-hundred day simple moving average is $57.96. The stock has a market capitalization of $32.51 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.509 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) annualized dividend and a yield of 10.8%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth $2,069,000. Sheets Smith Wealth Management boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 77.2% in the third quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock worth $6,846,000 after purchasing an additional 51,871 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.3% during the 3rd quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock valued at $3,871,000 after purchasing an additional 39,412 shares during the last quarter. High Net Worth Advisory Group LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 25.4% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock valued at $6,021,000 after purchasing an additional 21,219 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 142.8% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock worth $1,072,000 after purchasing an additional 10,963 shares during the period.

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.