JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 0.1% – What’s Next?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares shot up 0.1% on Wednesday . The stock traded as high as $51.65 and last traded at $51.67. 1,634,917 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,733,162 shares. The stock had previously closed at $51.61.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The firm’s 50 day moving average price is $55.13 and its 200-day moving average price is $55.76. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were given a $0.5407 dividend. This represents a $6.49 annualized dividend and a yield of 13.92%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $174,675,000. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after acquiring an additional 2,805,860 shares during the period. Bank of America Corp DE grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after purchasing an additional 1,085,222 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock valued at $56,889,000 after purchasing an additional 991,227 shares during the period. Finally, LPL Financial LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after purchasing an additional 860,019 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.