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

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business has a fifty day simple moving average of $54.63 and a 200 day simple moving average of $54.17. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

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

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently bought and sold shares of the stock. Lavaca Capital LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at $478,000. Tradition Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5.7% during the 3rd quarter. Tradition Wealth Management LLC now owns 158,934 shares of the company’s stock valued at $8,730,000 after buying an additional 8,540 shares during the last quarter. NCM Capital Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 11.3% during the 3rd quarter. NCM Capital Management LLC now owns 15,720 shares of the company’s stock valued at $863,000 after buying an additional 1,602 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 388,484 shares of the company’s stock valued at $21,339,000 after buying an additional 8,493 shares during the last quarter. Finally, 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 valued at $44,000 after buying an additional 575 shares during 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.