JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.6% – Here’s Why

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 1.6% on Thursday . The stock traded as low as $58.20 and last traded at $58.53. 8,075,218 shares traded hands during trading, an increase of 20% from the average session volume of 6,752,018 shares. The stock had previously closed at $59.46.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.0%

The firm has a fifty day moving average of $59.99 and a two-hundred day moving average of $58.71. The company has a market cap of $39.11 billion, a PE ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 13.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth $33,000. Cerity Partners LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.7% during the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after purchasing an additional 20,946 shares during the period. Diversify Advisory Services LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after purchasing an additional 2,045 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% in the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,566 shares during the period. Finally, Quantinno Capital Management LP bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth about $2,000,000.

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