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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $56.82 and last traded at $56.82, with a volume of 72085 shares. The stock had previously closed at $56.57.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.4 %

The stock’s 50-day moving average price is $55.13 and its 200 day moving average price is $54.36. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a $0.4936 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a yield of 10.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JEPQ. Salomon & Ludwin LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $25,000. Beacon Capital Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $33,000. Finally, Pin Oak Investment Advisors Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after purchasing an additional 575 shares during the last quarter.

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.