JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 1.3% Higher

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) were up 1.3% during trading on Friday . The company traded as high as $52.79 and last traded at $52.58. Approximately 1,163,705 shares traded hands during trading, a decline of 57% from the average daily volume of 2,737,873 shares. The stock had previously closed at $51.90.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.6 %

The company’s 50 day moving average price is $53.11 and its two-hundred day moving average price is $50.94. The firm has a market cap of $12.46 billion, a PE ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be given a dividend of $0.4311 per share. The ex-dividend date is Wednesday, May 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.17 annualized dividend and a yield of 9.81%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the fourth 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. Global Wealth Strategies & Associates lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.5% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 14,011 shares of the company’s stock valued at $658,000 after buying an additional 211 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1.3% in the 1st quarter. Atlantic Union Bankshares Corp now owns 17,919 shares of the company’s stock worth $972,000 after buying an additional 237 shares during the period. Finally, Iron Horse Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after buying an additional 240 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.