JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 2.1% – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 2.1% during trading on Wednesday . The company traded as low as $60.18 and last traded at $60.20. Approximately 5,498,465 shares traded hands during trading, a decline of 19% from the average daily volume of 6,785,671 shares. The stock had previously closed at $61.46.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a 50-day moving average of $59.96 and a two-hundred day moving average of $58.61. The firm has a market capitalization of $39.24 billion, a PE 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 will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be issued a $0.6366 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JEPQ. Global Wealth Strategies & Associates lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the 2nd quarter. Global Wealth Strategies & Associates now owns 11,252 shares of the company’s stock worth $692,000 after acquiring an additional 799 shares in the last quarter. MTM Financial Group LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 7.1% during the first quarter. MTM Financial Group LLC now owns 127,568 shares of the company’s stock worth $7,083,000 after purchasing an additional 8,510 shares in the last quarter. PVG Asset Management Corp lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 444.9% during the first quarter. PVG Asset Management Corp now owns 280,457 shares of the company’s stock worth $17,158,000 after purchasing an additional 228,985 shares in the last quarter. S&A Financial Services Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 1st quarter valued at about $3,589,000. Finally, FAS Wealth Partners Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 3.0% in the first quarter. FAS Wealth Partners Inc. now owns 79,708 shares of the company’s stock valued at $4,425,000 after purchasing an additional 2,345 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.