JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.7% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares were down 1.7% during mid-day trading on Friday . The company traded as low as $55.43 and last traded at $55.76. Approximately 7,383,178 shares changed hands during trading, an increase of 13% from the average daily volume of 6,534,951 shares. The stock had previously closed at $56.70.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.7%

The stock has a market capitalization of $32.18 billion, a P/E ratio of 32.17 and a beta of 0.83. The company’s fifty day simple moving average is $58.16 and its 200 day simple moving average is $57.92.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.509 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.47. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 31.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,163,134 shares of the company’s stock valued at $1,586,475,000 after purchasing an additional 7,027,261 shares in the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after purchasing an additional 1,533,280 shares during the last quarter. Morgan Stanley grew its position in shares of 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 buying an additional 1,408,923 shares during the last quarter. Equitable Holdings Inc. increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after purchasing an additional 1,231,809 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at about $58,197,000.

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.