JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 1-Year High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares hit a new 52-week high on Wednesday . The company traded as high as $60.61 and last traded at $60.60, with a volume of 7908836 shares traded. The stock had previously closed at $60.21.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

The stock’s 50 day moving average price is $58.03 and its two-hundred day moving average price is $58.19. The firm has a market capitalization of $38.33 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were given a dividend of $0.591 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 11.7%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently bought and sold shares of the company. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth approximately $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares during the last quarter. Navalign LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.