JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.5% – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares fell 1.5% on Monday . The company traded as low as $59.47 and last traded at $59.59. Approximately 6,470,160 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 6,750,083 shares. The stock had previously closed at $60.51.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $58.68. The company has a market capitalization of $39.80 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors 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 12.8%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JEPQ. D.A. Davidson & CO. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.3% in the fourth quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after acquiring an additional 13,200 shares in the last quarter. Ethos Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $1,105,000. Clear Creek Financial Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock worth $1,631,000 after purchasing an additional 9,340 shares during the period. Sunpointe LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% in the 4th quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock worth $4,122,000 after purchasing an additional 10,901 shares during the period. Finally, James Reed Financial Services Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the 4th quarter. James Reed Financial Services Inc. now owns 439,846 shares of the company’s stock worth $25,564,000 after purchasing an additional 26,869 shares in the last quarter.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.