JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.5% – Here’s What Happened

Shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) were down 1.5% on Monday . The stock traded as low as $50.57 and last traded at $51.02. Approximately 3,197,782 shares were traded during trading, a decline of 14% from the average daily volume of 3,712,689 shares. The stock had previously closed at $51.81.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The company’s 50 day simple moving average is $55.43 and its 200 day simple moving average is $55.83. The company has a market capitalization of $20.32 billion, a PE ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st will be given a $0.5407 dividend. This represents a $6.49 dividend on an annualized basis and a dividend yield of 12.57%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date is Tuesday, April 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $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 valued at $59,718,000 after buying an additional 374,285 shares during the last quarter. Lighthouse Financial LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $9,266,000. Castle Rock Wealth Management LLC boosted 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 valued at $583,000 after acquiring an additional 375 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $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.