JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 1-Year High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.51 and last traded at $58.36, with a volume of 112928 shares trading hands. The stock had previously closed at $58.27.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.2 %

The firm’s 50-day simple moving average is $57.37 and its 200-day simple moving average is $55.59. The firm has a market capitalization of $22.99 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a dividend of $0.4502 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors have recently added to or reduced their stakes in JEPQ. Raymond James Financial Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $174,675,000. International Assets Investment Management LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% during the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after acquiring an additional 3,029,552 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after acquiring an additional 2,805,860 shares during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock valued at $445,968,000 after acquiring an additional 1,085,222 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock valued at $56,889,000 after acquiring an additional 991,227 shares during 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.