JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Reaches New 12-Month High – Still a Buy?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $56.82 and last traded at $56.82, with a volume of 72085 shares traded. The stock had previously closed at $56.57.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.5 %

The stock has a market capitalization of $18.38 billion, a PE ratio of 32.10 and a beta of -0.84. The firm has a 50-day moving average price of $55.26 and a 200-day moving average price of $54.41.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a dividend of $0.4936 per share. The ex-dividend date was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a yield of 10.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. Beacon Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $26,000. SJS Investment Consulting Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $28,000. Hollencrest Capital Management bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $33,000. Finally, Pin Oak Investment Advisors Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after acquiring an additional 575 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.