JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 0.5% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price rose 0.5% during mid-day trading on Tuesday . The company traded as high as $50.39 and last traded at $50.16. Approximately 1,951,619 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 4,135,421 shares. The stock had previously closed at $49.93.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2 %

The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The company’s 50 day simple moving average is $53.51 and its 200-day simple moving average is $55.39.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced 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 a boost 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 12.96%. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 61.9% during the fourth quarter. GAMMA Investing LLC now owns 12,800 shares of the company’s stock worth $722,000 after buying an additional 4,895 shares during the period. Iron Horse Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 27.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $410,000. Mirae Asset Global Investments Co. Ltd. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,000 shares of the company’s stock worth $630,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 781.5% during the third quarter. Franklin Resources Inc. now owns 378,370 shares of the company’s stock worth $20,844,000 after purchasing an additional 335,448 shares during the period.

About JPMorgan Nasdaq Equity Premium Income ETF

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.