JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 12-Month High – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $56.74 and last traded at $56.74, with a volume of 43167 shares traded. The stock had previously closed at $56.64.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a market capitalization of $18.25 billion, a PE ratio of 32.10 and a beta of -0.84. The business’s 50-day moving average is $54.46 and its 200-day moving average is $54.12.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.4936 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.47%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently added to or reduced their stakes in JEPQ. Prosperity Financial Group Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.5% in the third quarter. Prosperity Financial Group Inc. now owns 45,036 shares of the company’s stock worth $2,474,000 after acquiring an additional 648 shares during the period. Fisher Asset Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 17.9% in the third quarter. Fisher Asset Management LLC now owns 7,936 shares of the company’s stock worth $436,000 after acquiring an additional 1,204 shares during the period. Cahill Financial Advisors Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.6% in the third quarter. Cahill Financial Advisors Inc. now owns 22,482 shares of the company’s stock worth $1,235,000 after acquiring an additional 981 shares during the period. Larson Financial Group LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 817.2% in the third quarter. Larson Financial Group LLC now owns 40,292 shares of the company’s stock worth $2,213,000 after acquiring an additional 35,899 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 9.4% in the third quarter. Kingsview Wealth Management LLC now owns 97,725 shares of the company’s stock worth $5,368,000 after acquiring an additional 8,437 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.