JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.6%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 1.6% on Thursday . The stock traded as low as $51.21 and last traded at $51.41. Approximately 1,016,139 shares were traded during trading, a decline of 62% from the average daily volume of 2,704,889 shares. The stock had previously closed at $52.23.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.4 %

The firm has a 50 day simple moving average of $53.14 and a two-hundred day simple moving average of $50.75. The stock has a market capitalization of $12.09 billion, a P/E ratio of 33.29 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a $0.4273 dividend. This represents a $5.13 dividend on an annualized basis and a dividend yield of 9.74%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. The ex-dividend date was Monday, April 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JEPQ. Avior Wealth Management LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 67.4% in the 3rd quarter. Avior Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $52,000 after acquiring an additional 444 shares during the last quarter. UMB Bank n.a. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $44,000. U.S. Capital Wealth Advisors LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.0% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 42,278 shares of the company’s stock valued at $1,984,000 after acquiring an additional 4,200 shares during the last quarter. Mason & Associates Inc lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 207.2% in the 3rd quarter. Mason & Associates Inc now owns 15,023 shares of the company’s stock valued at $705,000 after acquiring an additional 10,133 shares during the last quarter. Finally, Modus Advisors LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the 3rd quarter. Modus Advisors LLC now owns 12,245 shares of the company’s stock valued at $575,000 after acquiring an additional 1,379 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.