JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 2% – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price traded up 2% on Friday . The company traded as high as $58.19 and last traded at $58.05. 6,013,010 shares were traded during trading, a decline of 7% from the average session volume of 6,480,045 shares. The stock had previously closed at $56.93.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 2.0%

The company has a 50-day moving average price of $58.75 and a 200-day moving average price of $57.42. The company has a market capitalization of $33.50 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.4657 dividend. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of JEPQ. Clarity Wealth Advisors LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 10.6% during the second quarter. Clarity Wealth Advisors LLC now owns 38,912 shares of the company’s stock worth $2,117,000 after acquiring an additional 3,727 shares in the last quarter. Global Retirement Partners LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $2,069,000. Sheets Smith Wealth Management boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 77.2% in the third quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock valued at $6,846,000 after buying an additional 51,871 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 142.8% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock worth $1,072,000 after buying an additional 10,963 shares during the last quarter. Finally, High Net Worth Advisory Group LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 25.4% in the third quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock valued at $6,021,000 after acquiring an additional 21,219 shares during 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.