JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 1.8% – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 1.8% during trading on Monday . The company traded as high as $50.60 and last traded at $50.44. 2,212,175 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 4,128,216 shares. The stock had previously closed at $49.54.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm’s 50-day moving average price is $53.66 and its 200-day moving average price is $55.43. The stock has a market cap of $22.48 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.5407 per share. This represents a $6.49 annualized dividend and a dividend yield of 12.96%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date was Tuesday, April 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JEPQ. Future Financial Wealth Managment LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth approximately $26,000. Mainstream Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $28,000. O Shaughnessy Asset Management LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the period. Crewe Advisors LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $29,000.

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.