JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 0.7% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares traded down 0.7% on Wednesday . The company traded as low as $53.44 and last traded at $53.63. 1,595,931 shares changed hands during trading, a decline of 56% from the average session volume of 3,668,172 shares. The stock had previously closed at $54.01.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 1.5 %

The company has a market cap of $20.95 billion, a PE ratio of 30.59 and a beta of -0.84. The firm’s 50-day moving average is $55.91 and its 200-day moving average is $55.86.

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 issued 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 made changes to their positions in the company. Mainstream Capital Management LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $28,000. O Shaughnessy Asset Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the last quarter. Crewe Advisors LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $29,000. Finally, Pinnacle Bancorp Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $31,000.

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.