JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 0.1%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price traded down 0.1% during trading on Wednesday . The stock traded as low as $54.04 and last traded at $54.10. 921,693 shares were traded during mid-day trading, a decline of 65% from the average session volume of 2,599,368 shares. The stock had previously closed at $54.15.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company’s 50-day moving average price is $52.75 and its 200-day moving average price is $49.95. The company has a market cap of $10.03 billion, a P/E ratio of 23.03 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, March 4th were given a $0.3804 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend was Friday, March 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JEPQ. Renaissance Technologies LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $2,945,000. Royal Bank of Canada bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $5,604,000. CreativeOne Wealth LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $498,000. Xcel Wealth Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the 4th quarter. Xcel Wealth Management LLC now owns 23,787 shares of the company’s stock worth $971,000 after buying an additional 2,685 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $734,000.

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.