JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.3% – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) fell 1.3% on Thursday . The company traded as low as $56.73 and last traded at $56.93. 10,176,565 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 6,488,038 shares. The stock had previously closed at $57.68.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.3%

The business’s fifty day moving average is $58.78 and its two-hundred day moving average is $57.42. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.4657 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JEPQ. Howard Wealth Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after purchasing an additional 173 shares during the period. Montz Harcus Wealth Management LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after buying an additional 176 shares during the last quarter. Fortis Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the third quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after buying an additional 177 shares during the period. CPC Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the fourth quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock valued at $1,639,000 after buying an additional 178 shares during the period. Finally, Chapin Davis Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the third quarter. Chapin Davis Inc. now owns 30,409 shares of the company’s stock valued at $1,749,000 after acquiring an additional 183 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.