JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Up 0.2%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s stock price rose 0.2% on Tuesday . The stock traded as high as $54.39 and last traded at $54.31. Approximately 757,618 shares were traded during trading, a decline of 71% from the average daily volume of 2,601,441 shares. The stock had previously closed at $54.20.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $10.04 billion, a PE ratio of 23.03 and a beta of -0.84. The firm’s 50 day moving average price is $52.69 and its 200-day moving average price is $49.92.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, March 4th were issued a $0.3804 dividend. This represents a $4.56 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend was Friday, March 1st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 7,942.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,535,220 shares of the company’s stock worth $259,768,000 after buying an additional 5,466,397 shares in the last quarter. Morgan Stanley raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 12,846.6% in the 3rd quarter. Morgan Stanley now owns 2,053,848 shares of the company’s stock valued at $96,387,000 after purchasing an additional 2,037,984 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5,236.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,760,120 shares of the company’s stock valued at $87,883,000 after purchasing an additional 1,727,136 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 89.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,995,475 shares of the company’s stock worth $140,578,000 after purchasing an additional 1,415,166 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 32.3% during the third quarter. LPL Financial LLC now owns 3,640,211 shares of the company’s stock worth $170,835,000 after buying an additional 889,644 shares in the last quarter.

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.