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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQGet Free Report)’s share price reached a new 52-week high 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 Price Performance

The firm has a market capitalization of $38.69 billion, a PE ratio of 32.17 and a beta of 0.82. The firm’s fifty day moving average is $59.10 and its two-hundred day moving average is $58.42.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JEPQ. Logan Capital Management Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $28,000. Hantz Financial Services Inc. boosted its holdings in 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 purchasing an additional 351 shares during the last quarter. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $33,000. Finally, Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth about $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

(Get Free Report)

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.

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