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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares fell 0.3% on Tuesday . The company traded as low as $52.71 and last traded at $52.71. 933,799 shares traded hands during trading, a decline of 66% from the average session volume of 2,728,431 shares. The stock had previously closed at $52.88.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock’s 50-day moving average price is $53.14 and its 200-day moving average price is $50.87. The company has a market cap of $12.12 billion, a P/E ratio of 32.10 and a beta of 0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.4311 per share. This represents a $5.17 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date is Wednesday, May 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JEPQ. Hazlett Burt & Watson Inc. raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.5% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 14,011 shares of the company’s stock valued at $658,000 after purchasing an additional 211 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 1.3% during the first quarter. Atlantic Union Bankshares Corp now owns 17,919 shares of the company’s stock worth $972,000 after purchasing an additional 237 shares during the period. Finally, Iron Horse Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 48.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 740 shares of the company’s stock worth $37,000 after purchasing an additional 240 shares in 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.