JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.6%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price dropped 1.6% during trading on Thursday . The company traded as low as $51.21 and last traded at $51.41. Approximately 1,016,139 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 2,704,889 shares. The stock had previously closed at $52.23.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company’s fifty day simple moving average is $53.15 and its two-hundred day simple moving average is $50.71. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a $0.4273 dividend. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date was Monday, April 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fielder Capital Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter worth $271,000. Capital Investment Advisory Services LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 26,175 shares of the company’s stock worth $1,420,000 after buying an additional 1,816 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 27.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 250,400 shares of the company’s stock valued at $13,582,000 after purchasing an additional 53,419 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at approximately $716,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 536.1% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 21,781 shares of the company’s stock valued at $1,181,000 after buying an additional 18,357 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.