JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month Low – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $47.52 and last traded at $47.37, with a volume of 5802278 shares trading hands. The stock had previously closed at $49.35.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The business’s 50 day moving average is $54.90 and its 200-day moving average is $55.73.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a $0.5407 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date was Tuesday, April 1st. This represents a $6.49 annualized dividend and a dividend yield of 13.92%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JEPQ. JPMorgan Chase & Co. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after buying an additional 2,805,860 shares in the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after acquiring an additional 860,019 shares during the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after purchasing an additional 1,085,222 shares in the last quarter. Wells Fargo & Company MN raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after purchasing an additional 498,270 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after purchasing an additional 8,393 shares in the last quarter.

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.