JPMorgan Nasdaq Equity Premium Income ETF Target of Unusually Large Options Trading (NASDAQ:JEPQ)

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 6,169 put options on the stock. This is an increase of approximately 278% compared to the typical daily volume of 1,633 put options.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 1.1 %

NASDAQ:JEPQ traded down $0.61 during mid-day trading on Monday, hitting $55.38. The stock had a trading volume of 2,967,600 shares, compared to its average volume of 5,183,870. The stock has a 50-day simple moving average of $57.26 and a two-hundred day simple moving average of $55.90. The company has a market capitalization of $21.80 billion, a PE ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.67 and a twelve month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a $0.4502 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after purchasing an additional 2,805,860 shares in the last quarter. LPL Financial LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after purchasing an additional 860,019 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 purchasing an additional 1,085,222 shares in the last quarter. Wells Fargo & Company MN raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after purchasing an additional 498,270 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock worth $182,733,000 after purchasing an additional 8,393 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.