Investors Purchase Large Volume of Put Options on JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw some unusual options trading on Tuesday. Stock investors purchased 4,040 put options on the stock. This is an increase of 82% compared to the typical daily volume of 2,221 put options.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently modified their holdings of JEPQ. JPMorgan Chase & Co. raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after buying an additional 2,805,860 shares during the last quarter. LPL Financial LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after acquiring an additional 860,019 shares in the last quarter. Bank of America Corp DE lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after acquiring an additional 1,085,222 shares during the period. Wells Fargo & Company MN lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after acquiring an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock worth $182,733,000 after purchasing an additional 8,393 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded down $0.69 during trading on Tuesday, reaching $52.19. The company’s stock had a trading volume of 2,787,407 shares, compared to its average volume of 3,612,439. The business’s fifty day moving average price is $56.31 and its 200-day moving average price is $55.85. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $47.67 and a one year high of $58.54. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 30.59 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.4824 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

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.