JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 52-Week High – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.21 and last traded at $58.23, with a volume of 3614573 shares changing hands. The stock had previously closed at $58.07.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock’s fifty day simple moving average is $57.12 and its two-hundred day simple moving average is $55.15. The stock has a market capitalization of $22.27 billion, a P/E ratio of 32.10 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were paid a $0.4558 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 26.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 28,888 shares of the company’s stock valued at $1,603,000 after purchasing an additional 5,987 shares during the last quarter. Bank of Montreal Can boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the second quarter. Bank of Montreal Can now owns 9,986 shares of the company’s stock worth $555,000 after purchasing an additional 702 shares during the last quarter. Daymark Wealth Partners LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 91.8% in the 2nd quarter. Daymark Wealth Partners LLC now owns 27,335 shares of the company’s stock worth $1,517,000 after purchasing an additional 13,084 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 659.1% during the 2nd quarter. Susquehanna International Group LLP now owns 358,896 shares of the company’s stock worth $19,919,000 after buying an additional 311,619 shares in the last quarter. Finally, Creative Planning lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 271.0% during the 2nd quarter. Creative Planning now owns 20,642 shares of the company’s stock worth $1,146,000 after buying an additional 15,078 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.