JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.1%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price traded down 1.1% during mid-day trading on Friday . The company traded as low as $53.44 and last traded at $53.50. 1,028,266 shares changed hands during trading, a decline of 61% from the average session volume of 2,606,292 shares. The stock had previously closed at $54.11.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.3 %

The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 23.03 and a beta of -0.84. The stock’s fifty day simple moving average is $53.19 and its 200-day simple moving average is $50.41.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.4273 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 dividend on an annualized basis and a yield of 9.60%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 35.0% during the 3rd quarter. AE Wealth Management LLC now owns 501,265 shares of the company’s stock worth $23,524,000 after buying an additional 129,931 shares in the last quarter. Mach 1 Financial Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $3,515,000. CWM LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 91.9% during the 3rd quarter. CWM LLC now owns 209,434 shares of the company’s stock worth $9,829,000 after buying an additional 100,286 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $348,000. Finally, IFP Advisors Inc raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 29.2% in the 4th quarter. IFP Advisors Inc now owns 36,463 shares of the company’s stock valued at $1,821,000 after purchasing an additional 8,237 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

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.