JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.3% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was down 1.3% during trading on Thursday . The stock traded as low as $59.00 and last traded at $59.39. Approximately 7,266,741 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 6,790,004 shares. The stock had previously closed at $60.20.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.3%

The firm has a fifty day moving average of $59.94 and a 200-day moving average of $58.60. The firm has a market cap of $39.24 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.6366 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.9%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% in the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock valued at $6,532,000 after purchasing an additional 13,200 shares during the last quarter. Ethos Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $1,105,000. Clear Creek Financial Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock valued at $1,631,000 after buying an additional 9,340 shares during the period. Sunpointe LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% in the fourth quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock valued at $4,122,000 after buying an additional 10,901 shares during the period. Finally, Cadence Bank lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 37.9% in the third quarter. Cadence Bank now owns 100,298 shares of the company’s stock valued at $5,769,000 after buying an additional 27,546 shares during 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.