JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 2.1% – What’s Next?

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) fell 2.1% during trading on Wednesday . The company traded as low as $60.18 and last traded at $60.20. 5,498,465 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 6,785,671 shares. The stock had previously closed at $61.46.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm has a market capitalization of $39.78 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81. The business has a 50 day moving average of $59.91 and a 200 day moving average of $58.59.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a $0.5644 dividend. The ex-dividend date was Monday, June 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. GM Advisory Group LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the first 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 grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth 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 last quarter. Red Mountain Financial LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after purchasing an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC raised its position 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 during the last quarter. Finally, CPC Advisors LLC lifted 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 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.