JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1% Higher – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 1% on Monday . The company traded as high as $56.99 and last traded at $56.34. 10,154,377 shares were traded during mid-day trading, an increase of 54% from the average session volume of 6,603,281 shares. The stock had previously closed at $55.76.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a fifty day simple moving average of $57.92 and a 200-day simple moving average of $57.95. The stock has a market cap of $32.52 billion, a P/E ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a $0.5761 dividend. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date was Wednesday, December 31st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JEPQ. Rockefeller Capital Management L.P. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 11.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 657,148 shares of the company’s stock worth $38,210,000 after purchasing an additional 69,986 shares during the last quarter. World Investment Advisors lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 40.0% during the 4th quarter. World Investment Advisors now owns 85,793 shares of the company’s stock worth $4,986,000 after buying an additional 24,531 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 68.9% during the 4th quarter. Corient Private Wealth LLC now owns 17,945 shares of the company’s stock worth $1,043,000 after buying an additional 7,323 shares during the last quarter. Redwood Family Wealth LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $302,000. Finally, Bayban acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at about $112,000.

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.