JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 0.5% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded down 0.5% during trading on Tuesday . The company traded as low as $50.79 and last traded at $51.53. 2,428,100 shares were traded during trading, a decline of 57% from the average session volume of 5,602,585 shares. The stock had previously closed at $51.78.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $55.81. The firm has a market capitalization of $20.43 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 declared a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5407 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a yield of 12.50%. This is an increase 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 have recently made changes to their positions in the stock. Mainstream Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $28,000. O Shaughnessy Asset Management LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the 4th 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 period. Crewe Advisors LLC lifted its stake in shares of 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 valued at $29,000 after purchasing an additional 309 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $29,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $31,000.

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.