JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Down 1.4% – Time to Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Get Free Report)’s stock price fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $58.92 and last traded at $59.32. 6,348,711 shares traded hands during trading, a decline of 6% from the average session volume of 6,783,781 shares. The stock had previously closed at $60.16.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 1.3%

The stock’s 50-day moving average price is $60.01 and its 200 day moving average price is $58.66. The firm has a market cap of $40.24 billion, a price-to-earnings ratio of 32.17 and a beta of 0.81.

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JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.7%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter worth $33,000. Cerity Partners LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 119.7% in the 2nd quarter. Cerity Partners LLC now owns 38,441 shares of the company’s stock valued at $2,091,000 after buying an additional 20,946 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 44.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,631 shares of the company’s stock valued at $370,000 after buying an additional 2,045 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.2% during the 2nd quarter. Diversify Wealth Management LLC now owns 18,393 shares of the company’s stock worth $1,025,000 after acquiring an additional 2,566 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $2,000,000.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

(Get Free Report)

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.

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