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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) fell 1.3% during trading on Wednesday . The company traded as low as $49.04 and last traded at $49.35. 1,962,615 shares traded hands during trading, a decline of 53% from the average session volume of 4,136,082 shares. The stock had previously closed at $50.02.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a 50 day moving average of $53.36 and a two-hundred day moving average of $55.35. The firm has a market capitalization of $21.70 billion, a P/E ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.5407 dividend. This represents a $6.49 dividend on an annualized basis and a dividend yield of 13.43%. This is a boost 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

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

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.