JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1% – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price shot up 1% on Monday . The stock traded as high as $52.47 and last traded at $52.14. 4,133,184 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 4,369,866 shares. The stock had previously closed at $51.63.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.2%

The firm has a 50 day moving average of $50.97 and a two-hundred day moving average of $54.82. The company has a market cap of $24.40 billion, a PE ratio of 28.28 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.5979 per share. This represents a $7.17 annualized dividend and a yield of 13.74%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54. The ex-dividend date was Thursday, May 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

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