JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 2.9% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price was down 2.9% on Thursday . The stock traded as low as $49.03 and last traded at $49.22. Approximately 3,158,958 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 4,058,837 shares. The stock had previously closed at $50.69.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 1.4 %

The stock has a 50 day simple moving average of $53.66 and a 200-day simple moving average of $55.42. The firm has a market cap of $22.25 billion, a PE ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. This represents a $6.49 annualized dividend and a yield of 13.10%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date was Tuesday, April 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $28,000. Future Financial Wealth Managment LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter worth approximately $26,000. Crewe Advisors LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $29,000.

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.