Stock Traders Buy High Volume of JPMorgan Nasdaq Equity Premium Income ETF Put Options (NASDAQ:JEPQ)

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw unusually large options trading activity on Tuesday. Investors bought 4,040 put options on the company. This represents an increase of approximately 82% compared to the average daily volume of 2,221 put options.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $52.15 on Wednesday. The company has a market cap of $20.53 billion, a P/E ratio of 30.59 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $47.67 and a one year high of $58.54. The firm has a fifty day moving average of $56.22 and a two-hundred day moving average of $55.83.

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 dividend of $0.4824 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the 4th 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 during the period. LPL Financial LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th 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 during the period. Bank of America Corp DE grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.9% during the 4th 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 during the period. Wells Fargo & Company MN grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% during the 4th 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 during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the 4th 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 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.