JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Trading Down 0.7% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price was down 0.7% during trading on Wednesday . The company traded as low as $53.44 and last traded at $53.63. Approximately 1,595,931 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 3,668,172 shares. The stock had previously closed at $54.01.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

The stock has a market cap of $20.95 billion, a PE ratio of 30.59 and a beta of -0.84. The company has a 50 day moving average price of $55.91 and a two-hundred day moving average price of $55.86.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its stake in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the 4th quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. Glen Eagle Advisors LLC increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 7.6% during the third quarter. Glen Eagle Advisors LLC now owns 2,673 shares of the company’s stock valued at $147,000 after acquiring an additional 188 shares during the last quarter. Fortis Advisors LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.8% in the fourth quarter. Fortis Advisors LLC now owns 7,180 shares of the company’s stock valued at $405,000 after acquiring an additional 198 shares during the period. Mayflower Financial Advisors LLC boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.2% in the fourth quarter. Mayflower Financial Advisors LLC now owns 5,008 shares of the company’s stock worth $282,000 after purchasing an additional 200 shares during the last quarter. Finally, Round Rock Advisors LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.4% during the 4th quarter. Round Rock Advisors LLC now owns 14,324 shares of the company’s stock valued at $808,000 after purchasing an additional 200 shares during the period.

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.