JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1.2% Higher

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 1.2% during mid-day trading on Monday . The company traded as high as $54.97 and last traded at $54.82. 1,048,257 shares were traded during mid-day trading, a decline of 62% from the average session volume of 2,741,060 shares. The stock had previously closed at $54.19.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.4 %

The company has a market cap of $15.30 billion, a PE ratio of 32.10 and a beta of -0.84. The stock has a 50-day moving average of $54.89 and a 200-day moving average of $53.32.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.4212 dividend. This represents a $5.05 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JEPQ. International Assets Investment Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock valued at $87,883,000 after acquiring an additional 1,727,136 shares during the last quarter. Global Assets Advisory LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at $60,320,000. Cetera Investment Advisers increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% in the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock valued at $57,049,000 after acquiring an additional 890,120 shares during the last quarter. Jane Street Group LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% in the first quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock valued at $43,071,000 after acquiring an additional 783,584 shares during the last quarter. Finally, Lebenthal Global Advisors LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $28,788,000.

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.