JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 2.1% – Time to Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 2.1% during trading on Tuesday . The company traded as high as $59.67 and last traded at $59.56. Approximately 8,111,874 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 6,886,804 shares. The stock had previously closed at $58.34.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company’s 50-day moving average price is $59.70 and its two-hundred day moving average price is $58.65. The stock has a market cap of $40.75 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 5th. Investors of record on Monday, August 3rd will be given a $0.705 dividend. This represents a c) annualized dividend and a yield of 14.2%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date is Monday, August 3rd.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Large investors have recently added to or reduced their stakes in the company. GM Advisory Group LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after acquiring an additional 170 shares during the last quarter. Howard Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after acquiring an additional 173 shares during the last quarter. Red Mountain Financial LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after purchasing an additional 176 shares in the last quarter. Finally, CPC Advisors LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the fourth quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock valued at $1,639,000 after purchasing an additional 178 shares in the last quarter.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.