JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.4% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) fell 1.4% on Tuesday . The stock traded as low as $58.92 and last traded at $59.32. 6,348,711 shares were traded during trading, a decline of 6% from the average daily volume of 6,783,781 shares. The stock had previously closed at $60.16.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.4%

The business has a 50-day moving average of $59.99 and a 200 day moving average of $58.63. The firm has a market capitalization of $39.38 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 announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.9%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. LPL Financial LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after purchasing an additional 589,696 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after purchasing an additional 1,132,270 shares during the period. Wells Fargo & Company MN raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after purchasing an additional 383,927 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 12.7% during the 1st quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock valued at $255,748,000 after buying an additional 517,693 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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.