JEPQ Stock Summary and Trading Ideas (JPMorgan Nasdaq Equity Premium Income ETF | NASDAQ:JEPQ)

The investment objective of the Fund is to seek current income while maintaining prospects for capital appreciation. The Fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the Fund's primary benchmark, the Nasdaq-100 Index (the Benchmark), and (2) through equity-linked notes (ELNs), selling call options with exposure to the Benchmark. The resulting Fund is designed to provide investors with performance that captures a majority of the returns associated with the Benchmark, while exposing investors to lower volatility than the Benchmark and also providing incremental income. The Fund is managed in a way that seeks, under normal circumstances, to provide monthly distributions at a relatively stable level. Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities (80% Policy).

JPMorgan Nasdaq Equity Premium Income ETF trades on the NASDAQ stock market under the symbol JEPQ.

As of November 1, 2024, JEPQ stock price climbed to $54.44 with 3,234,500 million shares trading.

JEPQ has a beta of 1.01, meaning it tends to be more sensitive to market movements. JEPQ has a correlation of 0.89 to the broad based SPY ETF.

JEPQ has a market cap of $17.67 billion. This is considered a Large Cap stock.

JEPQ has underperformed the market in the last year with a return of +28.5%, while SPY returned +36.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JEPQ shares. However, JEPQ has outperformed the market in the last 3 month and 2 week periods, returning +7.3% and -0.6%, while SPY returned +5.5% and -2.3%, respectively. This indicates JEPQ has been having a stronger performance recently.

JEPQ support price is $53.78 and resistance is $54.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JEPQ shares will trade within this expected range on the day.