JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 0.4% Higher

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $52.59 and last traded at $52.31. 1,172,719 shares were traded during trading, a decline of 57% from the average session volume of 2,706,107 shares. The stock had previously closed at $52.10.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market capitalization of $11.93 billion, a P/E ratio of 33.29 and a beta of -0.84. The firm’s 50 day simple moving average is $53.13 and its two-hundred day simple moving average is $50.72.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a $0.4273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 annualized dividend and a yield of 9.87%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently added to or reduced their stakes in JEPQ. Legacy Financial Group LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Global Wealth Strategies & Associates bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $27,000. Valley National Advisers Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $31,000. Hazlett Burt & Watson Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after acquiring an additional 232 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.