JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 4.4% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 4.4% during trading on Thursday . The company traded as low as $49.54 and last traded at $49.62. Approximately 7,070,099 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 3,772,376 shares. The stock had previously closed at $51.89.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company’s 50-day moving average is $55.31 and its two-hundred day moving average is $55.81. The firm has a market cap of $19.43 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be given a $0.5407 dividend. This represents a $6.49 dividend on an annualized basis and a yield of 13.15%. The ex-dividend date is Tuesday, April 1st. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in JEPQ. Venturi Wealth Management LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. Glen Eagle Advisors LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.6% in the 3rd quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock valued at $147,000 after acquiring an additional 188 shares in the last quarter. Fortis Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% during the fourth quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock worth $405,000 after acquiring an additional 198 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.2% in the fourth quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock valued at $282,000 after purchasing an additional 200 shares in the last quarter. Finally, Round Rock Advisors LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock worth $808,000 after purchasing an additional 200 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.