JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 52-Week High – Time to Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $56.74 and last traded at $56.74, with a volume of 43167 shares changing hands. The stock had previously closed at $56.64.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.2 %

The firm has a market capitalization of $18.24 billion, a PE ratio of 32.10 and a beta of -0.84. The business has a 50 day moving average price of $54.63 and a 200-day moving average price of $54.17.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a dividend of $0.4936 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date was Friday, November 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently modified their holdings of JEPQ. International Assets Investment Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock valued at $169,078,000 after purchasing an additional 3,029,552 shares in the last quarter. LPL Financial LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% in the 2nd quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock valued at $400,539,000 after purchasing an additional 1,017,261 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 8,782.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 933,063 shares of the company’s stock valued at $518,000 after purchasing an additional 922,558 shares in the last quarter. Cetera Investment Advisers increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 550.6% in the 1st quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock valued at $57,049,000 after purchasing an additional 890,120 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% in the 1st quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock valued at $43,071,000 after purchasing an additional 783,584 shares in 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.