JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 1.7% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price traded down 1.7% during mid-day trading on Thursday . The company traded as low as $57.36 and last traded at $57.44. 6,514,475 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 6,323,655 shares. The stock had previously closed at $58.41.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The stock has a market capitalization of $33.15 billion, a price-to-earnings ratio of 32.17 and a beta of 0.83. The firm has a fifty day moving average of $58.71 and a 200-day moving average of $57.53.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.4657 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $26,000. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 351 shares during the period. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $33,000. Finally, Russell Investments Group Ltd. bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth about $33,000.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.