JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 0.3%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares traded down 0.3% on Wednesday . The company traded as low as $52.44 and last traded at $52.52. 548,839 shares were traded during mid-day trading, a decline of 79% from the average session volume of 2,640,731 shares. The stock had previously closed at $52.69.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a market cap of $11.73 billion, a price-to-earnings ratio of 33.29 and a beta of 0.81. The stock’s fifty day simple moving average is $53.21 and its two-hundred day simple moving average is $50.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a $0.4273 dividend. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

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

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.