JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw unusually-strong trading volume on Thursday . Approximately 3,424,433 shares were traded during trading, a decline of 9% from the previous session’s volume of 3,760,505 shares.The stock last traded at $49.95 and had previously closed at $51.89.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 3.8 %

The firm has a market cap of $19.66 billion, a P/E ratio of 30.12 and a beta of -0.84. The business’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $55.81.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be given a $0.5407 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $6.49 dividend on an annualized basis and a dividend yield of 12.99%. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 61.9% in the fourth quarter. GAMMA Investing LLC now owns 12,800 shares of the company’s stock valued at $722,000 after purchasing an additional 4,895 shares during the period. Iron Horse Wealth Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 27.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 940 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the period. Corient Private Wealth LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $410,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,000 shares of the company’s stock valued at $630,000 after acquiring an additional 3,000 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 781.5% in the third quarter. Franklin Resources Inc. now owns 378,370 shares of the company’s stock valued at $20,844,000 after purchasing an additional 335,448 shares during the last quarter.

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.