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

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

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market cap of $11.93 billion, a P/E ratio of 33.29 and a beta of -0.84. The stock’s 50-day simple moving average is $53.15 and its two-hundred day simple moving average is $50.71.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.4273 per share. 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 Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in JEPQ. Legacy Financial Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth about $27,000. Global Wealth Strategies & Associates purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $27,000. Valley National Advisers Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 46.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 732 shares of the company’s stock valued at $34,000 after buying an additional 232 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.