JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 1.3% – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were up 1.3% on Monday . The stock traded as high as $61.06 and last traded at $61.01. 7,879,389 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 6,609,182 shares. The stock had previously closed at $60.24.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1%

The company’s 50 day moving average price is $59.43 and its two-hundred day moving average price is $59.02. The firm has a market cap of $43.61 billion, a PE ratio of 32.17 and a beta of 0.82.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently bought and sold shares of JEPQ. Cherry Tree Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 9.7% in the second quarter. Cherry Tree Wealth Management LLC now owns 17,780 shares of the company’s stock worth $1,093,000 after buying an additional 1,575 shares in the last quarter. Capstone Financial Advisors Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 17,935 shares of the company’s stock valued at $1,102,000 after buying an additional 4,783 shares in the last quarter. Van Hulzen Asset Management LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 7,289 shares of the company’s stock valued at $448,000 after buying an additional 340 shares in the last quarter. Cahill Financial Advisors Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.3% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 9,140 shares of the company’s stock valued at $562,000 after acquiring an additional 205 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $226,000.

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.