JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.7% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares traded down 1.7% on Friday . The stock traded as low as $55.43 and last traded at $55.76. 7,383,178 shares changed hands during trading, an increase of 13% from the average session volume of 6,534,951 shares. The stock had previously closed at $56.70.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.7%

The firm has a 50 day moving average of $58.16 and a 200 day moving average of $57.92. The firm has a market cap of $32.18 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.509 dividend. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $2,069,000. Sheets Smith Wealth Management raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 77.2% in the third quarter. Sheets Smith Wealth Management now owns 119,018 shares of the company’s stock worth $6,846,000 after acquiring an additional 51,871 shares during the period. FAS Wealth Partners Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.3% in the 3rd quarter. FAS Wealth Partners Inc. now owns 67,297 shares of the company’s stock worth $3,871,000 after purchasing an additional 39,412 shares during the period. High Net Worth Advisory Group LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 25.4% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 104,679 shares of the company’s stock valued at $6,021,000 after buying an additional 21,219 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 142.8% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,640 shares of the company’s stock valued at $1,072,000 after purchasing an additional 10,963 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.