JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 0.3%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price was down 0.3% on Tuesday . The company traded as low as $52.71 and last traded at $52.71. Approximately 933,799 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 2,728,431 shares. The stock had previously closed at $52.88.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.0 %

The company’s 50 day simple moving average is $53.15 and its 200-day simple moving average is $50.83. The firm has a market cap of $12.23 billion, a P/E ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.4273 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 1st. This represents a $5.13 dividend on an annualized basis and a yield of 9.79%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently added to or reduced their stakes in JEPQ. Valmark Advisers Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $221,000. Allworth Financial LP raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 58.5% during the fourth quarter. Allworth Financial LP now owns 1,189 shares of the company’s stock valued at $59,000 after buying an additional 439 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $348,000. IFP Advisors Inc grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 29.2% during the fourth quarter. IFP Advisors Inc now owns 36,463 shares of the company’s stock valued at $1,821,000 after acquiring an additional 8,237 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 97.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,085 shares of the company’s stock valued at $51,000 after acquiring an additional 535 shares during the last quarter.

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.