JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 12-Month High – Here’s What Happened

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high on Thursday . The stock traded as high as $56.22 and last traded at $56.19, with a volume of 372420 shares traded. The stock had previously closed at $55.96.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $18.24 billion, a PE ratio of 32.10 and a beta of -0.84. The company has a fifty day simple moving average of $54.41 and a two-hundred day simple moving average of $54.06.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a dividend of $0.4936 per share. This represents a $5.92 dividend on an annualized basis and a dividend 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 hedge funds have recently made changes to their positions in the stock. Aurora Private Wealth Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 5,256 shares of the company’s stock worth $292,000 after purchasing an additional 189 shares during the last quarter. Tranquility Partners LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.8% during the 1st quarter. Tranquility Partners LLC now owns 4,679 shares of the company’s stock valued at $254,000 after buying an additional 214 shares in the last quarter. Lifestyle Asset Management Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.4% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 58,159 shares of the company’s stock valued at $3,195,000 after buying an additional 217 shares in the last quarter. Main Street Financial Solutions LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 8,147 shares of the company’s stock valued at $452,000 after buying an additional 224 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 3rd quarter. Greenwich Wealth Management LLC now owns 23,449 shares of the company’s stock valued at $1,288,000 after buying 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.