JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 0% Higher – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price shot up 0% during mid-day trading on Monday . The company traded as high as $48.58 and last traded at $46.62. 9,336,878 shares traded hands during trading, an increase of 139% from the average session volume of 3,913,663 shares. The stock had previously closed at $46.60.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2 %

The firm’s 50-day moving average price is $54.70 and its 200 day moving average price is $55.69. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.5407 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 annualized dividend and a yield of 13.89%. The ex-dividend date of this dividend was Tuesday, April 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JEPQ. O Shaughnessy Asset Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $28,000. Crewe Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Capital A Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $29,000. Finally, Pinnacle Bancorp Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $31,000.

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.