JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.4% – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded down 1.4% during mid-day trading on Tuesday . The company traded as low as $58.92 and last traded at $59.32. Approximately 6,348,711 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 6,783,781 shares. The stock had previously closed at $60.16.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company’s 50-day moving average price is $59.99 and its two-hundred day moving average price is $58.63. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after purchasing an additional 1,533,280 shares in the last quarter. Morgan Stanley boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after buying an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock worth $111,739,000 after buying an additional 1,231,809 shares during the period. Ameriprise Financial Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after buying an additional 748,170 shares during the period. Finally, LPL Financial LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after acquiring an additional 589,696 shares in 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.