JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 52-Week High – Should You Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.21 and last traded at $58.23, with a volume of 3614573 shares. The stock had previously closed at $58.07.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a fifty day moving average of $57.04 and a 200-day moving average of $55.11. The company has a market cap of $21.96 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a $0.4558 dividend. The ex-dividend date was Tuesday, December 31st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $31,000. Hollencrest Capital Management bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $33,000. Sugar Maple Asset Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $41,000. Finally, Pin Oak Investment Advisors Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock valued at $44,000 after acquiring an additional 575 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.