JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Hits New 1-Year High – Time to Buy?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.51 and last traded at $58.36, with a volume of 112928 shares changing hands. The stock had previously closed at $58.27.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.2 %

The business’s fifty day simple moving average is $57.37 and its 200-day simple moving average is $55.59. The firm has a market cap of $22.99 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a $0.4502 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JEPQ. Alpha Financial Partners LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $467,000. Creative Planning increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.4% in the third quarter. Creative Planning now owns 23,608 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,966 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.9% in the third quarter. Foundations Investment Advisors LLC now owns 11,609 shares of the company’s stock worth $638,000 after purchasing an additional 2,463 shares during the period. Signaturefd LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 422.1% in the third quarter. Signaturefd LLC now owns 1,817 shares of the company’s stock worth $100,000 after acquiring an additional 1,469 shares in the last quarter. Finally, FSC Wealth Advisors LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 5.4% in the third quarter. FSC Wealth Advisors LLC now owns 5,069 shares of the company’s stock worth $278,000 after acquiring an additional 259 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.