JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading 0.5% Higher – Should You Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded up 0.5% during trading on Tuesday . The stock traded as high as $50.39 and last traded at $50.16. 1,951,619 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 4,135,421 shares. The stock had previously closed at $49.93.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2 %

The stock has a market cap of $22.47 billion, a PE ratio of 30.12 and a beta of -0.84. The business’s fifty day moving average is $53.51 and its 200 day moving average is $55.39.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were paid a $0.5407 dividend. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 annualized dividend and a yield of 12.96%. The ex-dividend date was Tuesday, April 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently bought and sold shares of JEPQ. Venturi Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. Fortis Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the 4th quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock worth $405,000 after purchasing an additional 198 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock worth $282,000 after purchasing an additional 200 shares during the last quarter. Round Rock Advisors LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.4% in the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock valued at $808,000 after buying an additional 200 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 27.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock valued at $53,000 after buying an additional 200 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.