JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.3% – Should You Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) were up 1.3% during trading on Tuesday . The company traded as high as $61.56 and last traded at $61.46. Approximately 6,321,738 shares were traded during trading, a decline of 7% from the average daily volume of 6,794,684 shares. The stock had previously closed at $60.70.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. The firm’s 50-day simple moving average is $59.86 and its two-hundred day simple moving average is $58.57.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

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

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently bought and sold shares of the company. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $28,000. Navalign LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $33,000. Russell Investments Group Ltd. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $33,000. Finally, Archer Investment Corp purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $34,000.

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.