JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Strong Trading Volume

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw an uptick in trading volume on Friday . 1,682,980 shares traded hands during trading, a decline of 40% from the previous session’s volume of 2,788,300 shares.The stock last traded at $51.25 and had previously closed at $52.25.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a market cap of $14.46 billion, a P/E ratio of 32.10 and a beta of -0.84. The stock’s fifty day moving average price is $54.75 and its two-hundred day moving average price is $53.49.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 5th. Investors of record on Thursday, August 1st will be given a dividend of $0.4268 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $5.12 annualized dividend and a dividend yield of 10.06%. The ex-dividend date is Thursday, August 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.7% during the 4th quarter. UBS Group AG now owns 2,399,478 shares of the company’s stock worth $119,806,000 after buying an additional 378,697 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.0% in the first quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock worth $129,587,000 after purchasing an additional 493,420 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.2% in the first quarter. RiverFront Investment Group LLC now owns 2,137,181 shares of the company’s stock worth $115,920,000 after purchasing an additional 161,132 shares during the last quarter. Commonwealth Equity Services LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 19.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,795,256 shares of the company’s stock valued at $99,637,000 after purchasing an additional 292,808 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock valued at $87,883,000 after purchasing an additional 1,727,136 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.