JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 0.3% – Time to Sell?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 0.3% during mid-day trading on Monday . The stock traded as low as $50.98 and last traded at $50.95. Approximately 2,633,232 shares were traded during trading, a decline of 38% from the average daily volume of 4,226,391 shares. The stock had previously closed at $51.09.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.3 %

The company has a fifty day simple moving average of $51.97 and a 200 day simple moving average of $55.08. The firm has a market capitalization of $23.41 billion, a P/E ratio of 28.28 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.5407 per share. This represents a $6.49 annualized dividend and a dividend yield of 12.74%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $174,675,000. JPMorgan Chase & Co. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after purchasing an additional 2,805,860 shares during the period. Bank of America Corp DE grew its holdings in 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 valued at $445,968,000 after buying an additional 1,085,222 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock worth $56,889,000 after buying an additional 991,227 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after acquiring an additional 860,019 shares during 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.