JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 52-Week High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares hit a new 52-week high on Monday . The stock traded as high as $61.62 and last traded at $61.53, with a volume of 1448913 shares changing hands. The stock had previously closed at $61.34.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.1%

The firm has a market capitalization of $38.82 billion, a P/E ratio of 32.17 and a beta of 0.82. The stock has a 50 day simple moving average of $59.60 and a 200-day simple moving average of $58.51.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after buying an additional 13,200 shares during the period. Choreo LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 499.0% in the third quarter. Choreo LLC now owns 59,746 shares of the company’s stock valued at $3,437,000 after purchasing an additional 49,772 shares during the last quarter. Ethos Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $1,105,000. Clear Creek Financial Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock worth $1,631,000 after buying an additional 9,340 shares during the last quarter. Finally, Cadence Bank increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 37.9% during the 3rd quarter. Cadence Bank now owns 100,298 shares of the company’s stock worth $5,769,000 after purchasing an additional 27,546 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.