JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 0.8%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were down 0.8% on Friday . The company traded as low as $51.28 and last traded at $51.48. Approximately 1,358,019 shares changed hands during trading, a decline of 49% from the average daily volume of 2,640,817 shares. The stock had previously closed at $51.87.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock’s 50 day simple moving average is $53.21 and its two-hundred day simple moving average is $50.54. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 33.29 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.4273 per share. The ex-dividend date was Monday, April 1st. This represents a $5.13 dividend on an annualized basis and a yield of 10.06%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors have recently bought and sold shares of JEPQ. Sunbelt Securities Inc. lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 266.7% during the second quarter. Sunbelt Securities Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Legacy Financial Group LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $27,000. Creative Planning bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $27,000. Global Wealth Strategies & Associates bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $27,000. Finally, Front Row Advisors LLC bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $31,000.

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.