JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 1.8% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price shot up 1.8% during mid-day trading on Tuesday . The stock traded as high as $59.72 and last traded at $59.65. 5,312,574 shares changed hands during trading, a decline of 21% from the average session volume of 6,752,563 shares. The stock had previously closed at $58.59.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.8%

The business has a 50 day moving average price of $60.06 and a 200 day moving average price of $58.69. The stock has a market cap of $40.03 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.8%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after buying an additional 13,200 shares during the last quarter. Ethos Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $1,105,000. Clear Creek Financial Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 49.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock worth $1,631,000 after acquiring an additional 9,340 shares during the last quarter. Sunpointe LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.4% during the fourth quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock valued at $4,122,000 after acquiring an additional 10,901 shares in the last quarter. Finally, James Reed Financial Services Inc. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the 4th quarter. James Reed Financial Services Inc. now owns 439,846 shares of the company’s stock valued at $25,564,000 after purchasing an additional 26,869 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.