JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 12-Month High – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during trading 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 Stock Up 2.2%

The firm’s 50-day moving average price is $59.10 and its 200 day moving average price is $58.42. The company has a market capitalization of $38.69 billion, a P/E ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $28,000. Hantz Financial Services Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares in the last quarter. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $33,000. Finally, Archer Investment Corp bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $34,000.

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.