JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 1-Year High – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price reached a new 52-week high on Monday . The stock traded as high as $61.18 and last traded at $61.18, with a volume of 6779204 shares traded. The stock had previously closed at $59.86.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a market cap of $38.18 billion, a P/E ratio of 32.17 and a beta of 0.82. The firm’s fifty day moving average price is $59.41 and its two-hundred day moving average price is $58.47.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in 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 valued at $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. LPL Financial LLC increased its stake 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 acquiring an additional 589,696 shares during the last quarter. Bank of America Corp DE increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after acquiring an additional 1,132,270 shares during the last quarter. Wells Fargo & Company MN increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after acquiring an additional 383,927 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after acquiring an additional 517,693 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.