JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 2.1% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded down 2.1% during trading on Wednesday . The stock traded as low as $60.18 and last traded at $60.20. 5,498,465 shares were traded during trading, a decline of 19% from the average session volume of 6,785,671 shares. The stock had previously closed at $61.46.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The business’s 50 day simple moving average is $59.91 and its 200-day simple moving average is $58.59. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GM Advisory Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the first quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after acquiring an additional 170 shares during the last quarter. Howard Wealth Management LLC raised its stake 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 last quarter. Red Mountain Financial LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the 1st quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares during the period. Montz Harcus Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after purchasing an additional 176 shares during the period. Finally, CPC Advisors LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 4th quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock worth $1,639,000 after purchasing an additional 178 shares during the last quarter.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.