JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price traded up 1% on Monday . The company traded as high as $56.99 and last traded at $56.34. 10,154,377 shares were traded during trading, an increase of 54% from the average session volume of 6,603,281 shares. The stock had previously closed at $55.76.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a market cap of $32.51 billion, a P/E ratio of 32.17 and a beta of 0.83. The firm’s fifty day simple moving average is $58.09 and its 200-day simple moving average is $57.96.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.509 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors have recently bought and sold shares of JEPQ. Bank of America Corp DE lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares during the period. Morgan Stanley increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after purchasing an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after buying an additional 1,231,809 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $58,197,000. Finally, Ameriprise Financial Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after acquiring an additional 748,170 shares in the last quarter.

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