JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 4.4% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price fell 4.4% during mid-day trading on Thursday . The stock traded as low as $49.54 and last traded at $49.62. 7,070,099 shares changed hands during trading, an increase of 87% from the average session volume of 3,772,376 shares. The stock had previously closed at $51.89.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a market cap of $19.43 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The company’s 50 day moving average price is $55.31 and its 200 day moving average price is $55.81.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st will be given a dividend of $0.5407 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 dividend on an annualized basis and a yield of 13.15%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mainstream Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $28,000. O Shaughnessy Asset Management LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the last quarter. Crewe Advisors LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Capital A Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $29,000. Finally, Pinnacle Bancorp Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $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.