JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 52-Week High – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $57.72 and last traded at $57.69, with a volume of 438868 shares traded. The stock had previously closed at $57.40.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. The firm’s 50-day moving average price is $55.80 and its two-hundred day moving average price is $54.63.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, December 2nd were paid a $0.5083 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42. The ex-dividend date was Monday, December 2nd.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Trust acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $26,134,000. Franklin Resources Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 781.5% in the 3rd 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 last quarter. World Investment Advisors LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $477,000. Sanctuary Advisors LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 237.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 92,447 shares of the company’s stock worth $5,230,000 after purchasing an additional 65,014 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 157,900 shares of the company’s stock valued at $8,673,000 after purchasing an additional 4,874 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.