JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.6% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) were down 1.6% on Thursday . The stock traded as low as $58.20 and last traded at $58.53. Approximately 8,075,218 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 6,752,018 shares. The stock had previously closed at $59.46.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market cap of $39.49 billion, a P/E ratio of 32.17 and a beta of 0.81. The stock has a fifty day simple moving average of $60.05 and a 200 day simple moving average of $58.71.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently modified their holdings of the stock. 4WEALTH Advisors Inc. raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the 2nd quarter. 4WEALTH Advisors Inc. now owns 53,652 shares of the company’s stock worth $3,257,000 after purchasing an additional 557 shares during the period. Sulzberger Capital Advisors Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 10.1% during the second quarter. Sulzberger Capital Advisors Inc. now owns 46,754 shares of the company’s stock valued at $2,874,000 after acquiring an additional 4,306 shares during the last quarter. Madrona Financial Services LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $287,000. Great Diamond Partners LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.2% during the second quarter. Great Diamond Partners LLC now owns 16,721 shares of the company’s stock valued at $1,028,000 after buying an additional 202 shares during the last quarter. Finally, Strategic Planning Group LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $224,000.

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.