JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 2.9% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price fell 2.9% during trading on Thursday . The company traded as low as $49.03 and last traded at $49.22. 3,158,958 shares traded hands during trading, a decline of 22% from the average session volume of 4,058,837 shares. The stock had previously closed at $50.69.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a fifty day simple moving average of $53.66 and a 200 day simple moving average of $55.42. The firm has a market cap of $22.25 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $6.49 annualized dividend and a yield of 13.10%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

Institutional Inflows and Outflows

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

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.