JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 3.3% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was down 3.3% during trading on Friday . The company traded as low as $46.78 and last traded at $47.72. Approximately 7,809,287 shares changed hands during trading, an increase of 104% from the average daily volume of 3,824,988 shares. The stock had previously closed at $49.35.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a market capitalization of $18.35 billion, a PE ratio of 30.12 and a beta of -0.84. The firm’s 50 day simple moving average is $54.90 and its 200 day simple moving average is $55.73.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.5407 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 annualized dividend and a yield of 13.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $174,675,000. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth 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. Bank of America Corp DE grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in 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 during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock worth $56,889,000 after buying an additional 991,227 shares during the period. Finally, LPL Financial LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th 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 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.