JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 0.1% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price was down 0.1% on Tuesday . The stock traded as low as $52.43 and last traded at $52.47. Approximately 1,234,844 shares were traded during trading, a decline of 72% from the average daily volume of 4,451,750 shares. The stock had previously closed at $52.53.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.1%

The company has a market cap of $24.52 billion, a P/E ratio of 30.01 and a beta of -0.84. The stock’s 50 day moving average is $50.90 and its 200-day moving average is $54.70.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, May 1st were paid a $0.5979 dividend. The ex-dividend date was Thursday, May 1st. This represents a $7.17 annualized dividend and a dividend yield of 13.67%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.54.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 22,135,873 shares of the company’s stock worth $1,146,197,000 after purchasing an additional 1,879,853 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 21.7% during the 1st quarter. LPL Financial LLC now owns 10,851,065 shares of the company’s stock worth $561,868,000 after buying an additional 1,936,707 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after purchasing an additional 1,085,222 shares during the period. Wells Fargo & Company MN increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after acquiring an additional 498,270 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 23.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,818,537 shares of the company’s stock valued at $197,724,000 after acquiring an additional 720,369 shares during the period.

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.