JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month High – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) reached a new 52-week high on Thursday . The company traded as high as $58.21 and last traded at $58.23, with a volume of 3614573 shares changing hands. The stock had previously closed at $58.07.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $22.27 billion, a P/E ratio of 32.10 and a beta of -0.84. The firm has a 50-day moving average of $57.12 and a 200-day moving average of $55.15.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a $0.4558 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Glen Eagle Advisors LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the third quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock valued at $147,000 after purchasing an additional 188 shares in the last quarter. Fortis Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 4th quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after buying an additional 198 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock valued at $282,000 after buying an additional 200 shares in the last quarter. Round Rock Advisors LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock valued at $808,000 after acquiring an additional 200 shares during the period. Finally, Lifestyle Asset Management Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.4% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 58,159 shares of the company’s stock worth $3,195,000 after acquiring an additional 217 shares in 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.