JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 12-Month High – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $58.51 and last traded at $58.36, with a volume of 112928 shares trading hands. The stock had previously closed at $58.27.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2 %

The company’s 50-day simple moving average is $57.33 and its 200 day simple moving average is $55.51. The stock has a market cap of $22.98 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.4502 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $25,000. Mainstream Capital Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $28,000. O Shaughnessy Asset Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock valued at $28,000 after acquiring an additional 254 shares during the last quarter. Crewe Advisors LLC grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $31,000.

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.