JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.3% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price was down 1.3% during trading on Friday . The stock traded as low as $57.78 and last traded at $58.51. 8,272,853 shares changed hands during trading, an increase of 22% from the average session volume of 6,774,694 shares. The stock had previously closed at $59.26.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a market capitalization of $39.05 billion, a PE ratio of 32.17 and a beta of 0.81. The business’s fifty day moving average price is $60.11 and its two-hundred day moving average price is $58.70.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued 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 dividend yield of 13.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth about $33,000. Cerity Partners LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock worth $2,091,000 after buying an additional 20,946 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock worth $370,000 after acquiring an additional 2,045 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $2,000,000.

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.