JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were down 1% on Monday . The company traded as low as $57.34 and last traded at $57.56. Approximately 6,975,315 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 6,175,574 shares. The stock had previously closed at $58.15.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The firm has a fifty day moving average price of $58.57 and a 200 day moving average price of $57.71.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.4657 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 9.7%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the second quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after buying an additional 7,027,261 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares in the last quarter. Morgan Stanley raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after purchasing an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after purchasing an additional 1,231,809 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at $58,197,000.

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