JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.4% – Here’s Why

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) traded down 1.4% during mid-day trading on Thursday . The company traded as low as $58.99 and last traded at $59.26. Approximately 6,424,317 shares traded hands during trading, a decline of 5% from the average daily volume of 6,762,839 shares. The stock had previously closed at $60.12.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The company has a 50 day moving average price of $60.08 and a 200 day moving average price of $58.69. The company has a market capitalization of $39.05 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

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

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $33,000. Cerity Partners LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the second quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after buying an additional 20,946 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.6% during the second quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after buying an additional 2,045 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the second quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock valued at $1,025,000 after buying an additional 2,566 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $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.