JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Up 0.2%

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shot up 0.2% on Tuesday . The stock traded as high as $54.39 and last traded at $54.31. 757,618 shares changed hands during trading, a decline of 71% from the average session volume of 2,601,441 shares. The stock had previously closed at $54.20.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The business has a fifty day moving average of $52.69 and a 200-day moving average of $49.92. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 23.03 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, March 4th were issued a $0.3804 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $4.56 dividend on an annualized basis and a dividend yield of 8.41%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of JEPQ. Legacy Financial Group LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Global Wealth Strategies & Associates acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $27,000. Sunbelt Securities Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 266.7% in the second quarter. Sunbelt Securities Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Creative Planning acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Finally, Valley National Advisers Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $31,000.

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.