JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 2.2% – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQGet Free Report) shares rose 2.2% during trading on Monday . The company traded as high as $60.72 and last traded at $60.70. Approximately 6,851,245 shares were traded during trading, an increase of 1% from the average session volume of 6,795,039 shares. The stock had previously closed at $59.42.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 2.2%

The firm has a market capitalization of $38.39 billion, a PE ratio of 32.17 and a beta of 0.82. The company has a fifty day moving average price of $59.81 and a two-hundred day moving average price of $58.56.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEPQ. Bank of America Corp DE increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after acquiring an additional 1,533,280 shares during the period. Morgan Stanley boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after purchasing an additional 1,408,923 shares during the period. Equitable Holdings Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after purchasing an additional 1,231,809 shares during the last quarter. Ameriprise Financial Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares during the last quarter. Finally, LPL Financial LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares during the period.

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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