JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sets New 12-Month Low – Should You Sell?

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)’s share price hit a new 52-week low on Friday . The stock traded as low as $47.52 and last traded at $47.37, with a volume of 5802278 shares trading hands. The stock had previously closed at $49.35.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 5.4 %

The company has a market cap of $18.38 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84. The business has a fifty day moving average of $55.13 and a two-hundred day moving average of $55.76.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.5407 per share. This represents a $6.49 annualized dividend and a dividend yield of 13.90%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $28,000. O Shaughnessy Asset Management LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock valued at $28,000 after acquiring an additional 254 shares during the last quarter. Crewe Advisors LLC increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the fourth quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $29,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at $31,000.

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.