JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month Low – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price hit a new 52-week low on Friday . The stock traded as low as $47.52 and last traded at $47.37, with a volume of 5802278 shares. The stock had previously closed at $49.35.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 5.6 %

The firm has a market cap of $18.35 billion, a PE ratio of 30.12 and a beta of -0.84. The firm has a fifty day moving average price of $54.90 and a 200 day moving average price of $55.73.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.5407 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a dividend yield of 13.92%. 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.1% during the 3rd quarter. Townsquare Capital LLC now owns 4,037 shares of the company’s stock worth $222,000 after acquiring an additional 232 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% during the third quarter. Garden State Investment Advisory Services LLC now owns 75,643 shares of the company’s stock worth $4,158,000 after purchasing an additional 5,728 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.5% in the third quarter. Stifel Financial Corp now owns 687,633 shares of the company’s stock valued at $37,772,000 after purchasing an additional 144,073 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 123.7% in the third quarter. EP Wealth Advisors LLC now owns 22,388 shares of the company’s stock valued at $1,230,000 after purchasing an additional 12,380 shares in the last quarter. Finally, Glen Eagle Advisors LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the 3rd quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock worth $147,000 after buying an additional 188 shares during the period.

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.