JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 1.3% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) rose 1.3% during mid-day trading on Monday . The stock traded as high as $57.68 and last traded at $57.58. Approximately 10,878,901 shares changed hands during trading, an increase of 69% from the average daily volume of 6,429,442 shares. The stock had previously closed at $56.85.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.3%

The stock has a market cap of $33.23 billion, a PE ratio of 32.17 and a beta of 0.83. The business’s fifty day moving average is $58.42 and its 200 day moving average is $57.85.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.509 dividend. This represents a c) annualized dividend and a yield of 10.6%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after buying an additional 7,027,261 shares during the period. Morgan Stanley boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. LPL Financial LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares during the period. Bank of America Corp DE grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock valued at $678,061,000 after purchasing an additional 651,461 shares during the period. Finally, Wells Fargo & Company MN increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock worth $476,315,000 after purchasing an additional 383,927 shares during the last quarter.

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.