JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 2.3%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 2.3% during trading on Wednesday . The company traded as high as $53.65 and last traded at $53.60. 999,074 shares were traded during mid-day trading, a decline of 64% from the average session volume of 2,776,280 shares. The stock had previously closed at $52.38.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company has a market cap of $15.08 billion, a P/E ratio of 32.10 and a beta of -0.84. The stock has a 50-day moving average of $54.80 and a 200 day moving average of $53.49.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were given a $0.4212 dividend. This represents a $5.05 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date was Monday, July 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JEPQ. International Assets Investment Management LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock valued at $87,883,000 after acquiring an additional 1,727,136 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the first quarter valued at about $60,320,000. Cetera Investment Advisers boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 550.6% during the first quarter. Cetera Investment Advisers now owns 1,051,796 shares of the company’s stock valued at $57,049,000 after purchasing an additional 890,120 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7,462.7% during the first quarter. Jane Street Group LLC now owns 794,084 shares of the company’s stock valued at $43,071,000 after purchasing an additional 783,584 shares in the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $28,788,000.

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.