JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.8% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price rose 1.8% during trading on Monday . The stock traded as high as $50.60 and last traded at $50.44. Approximately 2,212,175 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 4,128,216 shares. The stock had previously closed at $49.54.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.1 %

The stock has a market capitalization of $22.48 billion, a P/E ratio of 30.12 and a beta of -0.84. The stock’s 50 day moving average price is $53.66 and its 200-day moving average price is $55.43.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business 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 represents a $6.49 annualized dividend and a yield of 12.96%. The ex-dividend date was Tuesday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently modified their holdings of the stock. Garden State Investment Advisory Services LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 8.2% in the third quarter. Garden State Investment Advisory Services LLC now owns 75,643 shares of the company’s stock valued at $4,158,000 after purchasing an additional 5,728 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $246,000. Advisory Resource Group grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.6% during the third quarter. Advisory Resource Group now owns 62,879 shares of the company’s stock worth $3,454,000 after acquiring an additional 1,579 shares during the period. Morse Asset Management Inc raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 90.2% during the third quarter. Morse Asset Management Inc now owns 65,652 shares of the company’s stock valued at $3,606,000 after acquiring an additional 31,137 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% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 157,900 shares of the company’s stock valued at $8,673,000 after acquiring an additional 4,874 shares during the period.

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.