JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 52-Week High – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $58.08 and last traded at $58.07, with a volume of 2611823 shares changing hands. The stock had previously closed at $57.67.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a 50-day simple moving average of $56.35 and a two-hundred day simple moving average of $54.84. The firm has a market cap of $18.76 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, December 2nd were issued a $0.5083 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JEPQ. Salomon & Ludwin LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $33,000. Pin Oak Investment Advisors Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after acquiring an additional 575 shares in the last quarter. CENTRAL TRUST Co purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at approximately $48,000. Finally, WR Wealth Planners LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1,691.5% during the 2nd quarter. WR Wealth Planners LLC now owns 1,272 shares of the company’s stock worth $71,000 after purchasing an additional 1,201 shares during 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.