JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.3% – Should You Sell?

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock’s 50-day moving average price is $59.97 and its 200-day moving average price is $58.61. The company has a market capitalization of $39.24 billion, a P/E ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm 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 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the fourth quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after acquiring an additional 13,200 shares during the last quarter. Ethos Capital Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $1,105,000. Clear Creek Financial Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock valued at $1,631,000 after purchasing an additional 9,340 shares during the last quarter. Sunpointe LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% during the 4th quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock valued at $4,122,000 after purchasing an additional 10,901 shares during the period. Finally, Cadence Bank boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 37.9% during the 3rd quarter. Cadence Bank now owns 100,298 shares of the company’s stock valued at $5,769,000 after purchasing an additional 27,546 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

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.