JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 2.2% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares traded down 2.2% during mid-day trading on Monday . The company traded as low as $47.63 and last traded at $47.66. 2,395,038 shares traded hands during trading, a decline of 64% from the average session volume of 6,582,659 shares. The stock had previously closed at $48.74.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 3.2 %

The firm’s fifty day simple moving average is $52.83 and its 200-day simple moving average is $55.25. The company has a market cap of $21.53 billion, a PE ratio of 28.28 and a beta of 0.86.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.5407 per share. This represents a $6.49 dividend on an annualized basis and a yield of 13.76%. The ex-dividend date of this dividend was 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

Several institutional investors and hedge funds have recently made changes to their positions in JEPQ. Future Financial Wealth Managment LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at about $26,000. Mainstream Capital Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after acquiring an additional 254 shares during the last quarter. Crewe Advisors LLC grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Finally, Capital A Wealth Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $29,000.

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.