JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.7% – Here’s Why

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares dropped 1.7% during trading on Friday . The company traded as low as $52.03 and last traded at $52.07. Approximately 2,325,445 shares were traded during trading, a decline of 37% from the average daily volume of 3,690,396 shares. The stock had previously closed at $52.98.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 2.2 %

The company has a market cap of $20.40 billion, a P/E ratio of 30.59 and a beta of -0.84. The firm has a 50-day moving average of $55.77 and a 200 day moving average of $55.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a dividend of $0.4824 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors have recently modified their holdings of the business. Mascagni Wealth Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at $502,000. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 54.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,059,209 shares of the company’s stock worth $59,718,000 after purchasing an additional 374,285 shares during the last quarter. Lighthouse Financial LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $9,266,000. Castle Rock Wealth Management LLC increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.9% in the fourth quarter. Castle Rock Wealth Management LLC now owns 10,012 shares of the company’s stock worth $583,000 after buying an additional 375 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $257,000.

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.