JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.7% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were down 1.7% during trading on Friday . The company traded as low as $52.03 and last traded at $52.07. Approximately 2,325,445 shares traded hands during trading, a decline of 37% from the average daily volume of 3,690,396 shares. The stock had previously closed at $52.98.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market cap of $20.40 billion, a P/E ratio of 30.59 and a beta of -0.84. The company’s 50 day moving average is $55.66 and its two-hundred day moving average is $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4824 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings 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 worth $1,142,034,000 after acquiring an additional 2,805,860 shares during the period. LPL Financial LLC boosted its holdings 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 purchasing an additional 860,019 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after buying an additional 1,085,222 shares in the last quarter. Wells Fargo & Company MN lifted its position 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 buying an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake 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 buying an additional 8,393 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.