JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Shares Down 1.7% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) dropped 1.7% on Friday . The stock traded as low as $52.03 and last traded at $52.07. Approximately 2,325,445 shares traded hands 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 firm has a market cap of $20.40 billion, a P/E ratio of 30.59 and a beta of -0.84. The business has a 50-day moving average of $55.77 and a two-hundred day moving average of $55.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given 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 large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock valued at $1,142,034,000 after purchasing an additional 2,805,860 shares during the period. LPL Financial LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock valued at $502,591,000 after buying an additional 860,019 shares during the period. Bank of America Corp DE raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the fourth quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after acquiring an additional 1,085,222 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after acquiring an additional 498,270 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after acquiring an additional 8,393 shares during the last quarter.

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.