JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 12-Month High – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $57.13 and last traded at $57.12, with a volume of 3091330 shares. The stock had previously closed at $56.97.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business has a fifty day moving average of $55.47 and a two-hundred day moving average of $54.49. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, December 2nd will be issued a $0.5083 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in JEPQ. Salomon & Ludwin LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth approximately $25,000. Beacon Capital Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $28,000. Hollencrest Capital Management purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $33,000. Finally, Pin Oak Investment Advisors Inc. increased its position in shares of 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 valued at $44,000 after acquiring 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.