JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.5% – Here’s Why

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 1.5% during trading on Monday . The company traded as low as $50.57 and last traded at $51.02. Approximately 3,197,782 shares traded hands during trading, a decline of 14% from the average daily volume of 3,712,689 shares. The stock had previously closed at $51.81.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm’s fifty day simple moving average is $55.66 and its 200 day simple moving average is $55.86. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 30.59 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.4824 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 2,805,860 shares in the last quarter. LPL Financial LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after acquiring an additional 860,019 shares in the last quarter. Bank of America Corp DE boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock valued at $445,968,000 after purchasing an additional 1,085,222 shares during the last quarter. Wells Fargo & Company MN increased its position in 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 purchasing an additional 498,270 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake 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.

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.