JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 2.1% Higher – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQGet Free Report) shares traded up 2.1% during trading on Tuesday . The stock traded as high as $59.67 and last traded at $59.56. Approximately 8,111,874 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 6,886,804 shares. The stock had previously closed at $58.34.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a 50 day moving average of $59.65 and a two-hundred day moving average of $58.66. The stock has a market capitalization of $40.60 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a $0.705 dividend. This represents a c) dividend on an annualized basis and a yield of 14.3%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 3rd.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Large investors have recently made changes to their positions in the stock. 4WEALTH Advisors Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the second quarter. 4WEALTH Advisors Inc. now owns 53,652 shares of the company’s stock valued at $3,257,000 after purchasing an additional 557 shares during the period. Sulzberger Capital Advisors Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the second quarter. Sulzberger Capital Advisors Inc. now owns 46,754 shares of the company’s stock valued at $2,874,000 after buying an additional 4,306 shares in the last quarter. Madrona Financial Services LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $287,000. Great Diamond Partners LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.2% during the 2nd quarter. Great Diamond Partners LLC now owns 16,721 shares of the company’s stock valued at $1,028,000 after acquiring an additional 202 shares during the period. Finally, Strategic Planning Group LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $224,000.

About JPMorgan Nasdaq Equity Premium Income ETF

(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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