JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 0.7% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price traded up 0.7% during trading on Friday . The stock traded as high as $51.47 and last traded at $51.46. 2,196,167 shares traded hands during trading, a decline of 49% from the average session volume of 4,285,758 shares. The stock had previously closed at $51.08.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The business has a fifty day simple moving average of $51.34 and a 200 day simple moving average of $54.95. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 28.28 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, May 1st will be issued a $0.5979 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $7.17 dividend on an annualized basis and a yield of 13.93%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Large investors have recently modified their holdings of the business. Venturi Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after acquiring an additional 177 shares during the last quarter. Fortis Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the fourth quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after purchasing an additional 198 shares during the last quarter. Mayflower Financial Advisors LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock worth $282,000 after buying an additional 200 shares in the last quarter. Round Rock Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the fourth quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock worth $808,000 after buying an additional 200 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 27.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock valued at $53,000 after buying an additional 200 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.