JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.9% – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price fell 1.9% on Wednesday . The stock traded as low as $56.09 and last traded at $56.14. Approximately 10,238,546 shares traded hands during trading, an increase of 50% from the average session volume of 6,818,268 shares. The stock had previously closed at $57.20.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.9%

The firm has a market capitalization of $37.94 billion, a P/E ratio of 32.17 and a beta of 0.81. The business’s fifty day moving average is $59.90 and its 200 day moving average is $58.69.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a $0.6366 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 13.6%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GM Advisory Group LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after acquiring an additional 170 shares during the last quarter. Howard Wealth Management LLC boosted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after purchasing an additional 173 shares during the period. Red Mountain Financial LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the 1st quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock worth $237,000 after purchasing an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after purchasing an additional 176 shares in the last quarter. Finally, CPC Advisors LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.6% during the 4th quarter. CPC Advisors LLC now owns 28,195 shares of the company’s stock worth $1,639,000 after buying an additional 178 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.