JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 3.3% – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price dropped 3.3% during trading on Friday . The stock traded as low as $46.78 and last traded at $47.72. Approximately 7,809,287 shares traded hands during trading, an increase of 104% from the average daily volume of 3,824,988 shares. The stock had previously closed at $49.35.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 5.6 %

The company has a market cap of $18.35 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The stock has a 50 day moving average price of $55.13 and a two-hundred day moving average price of $55.76.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date was Tuesday, April 1st. This represents a $6.49 annualized dividend and a yield of 13.92%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 33.0% in the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after buying an additional 177 shares in the last quarter. Glen Eagle Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.6% in the third quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock worth $147,000 after acquiring an additional 188 shares in the last quarter. Fortis Advisors LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the fourth quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock worth $405,000 after acquiring an additional 198 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock worth $282,000 after purchasing an additional 200 shares during the period. Finally, Round Rock Advisors LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock valued at $808,000 after purchasing an additional 200 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.