JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1.4% Higher

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 1.4% during mid-day trading on Friday . The company traded as high as $52.78 and last traded at $52.66. 999,147 shares traded hands during trading, a decline of 63% from the average session volume of 2,705,444 shares. The stock had previously closed at $51.94.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.4 %

The business’s fifty day simple moving average is $53.13 and its 200-day simple moving average is $50.72. The firm has a market cap of $12.09 billion, a P/E ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.4273 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date was Monday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JEPQ. Legacy Financial Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $27,000. Global Wealth Strategies & Associates purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $27,000. Valley National Advisers Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $31,000. Hazlett Burt & Watson Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after purchasing an additional 232 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.