JPMorgan Nasdaq Equity Premium Income ETF Sees Notable Inflows
Today’s review of week-over-week changes in ETF shares highlights a significant movement in the JPMorgan Nasdaq Equity Premium Income ETF (Symbol: JEPQ), which has recorded an approximate $401.3 million inflow. This reflects a 1.8% week-over-week increase in outstanding units, rising from 431,425,000 to 439,200,000. Within JEPQ’s largest underlying components, Intuit Inc (Symbol: INTU) is down about 0.9%, Advanced Micro Devices Inc (Symbol: AMD) has decreased by around 0.2%, and Comcast Corp (Symbol: CMCSA) has dropped approximately 0.5%. For a comprehensive list of holdings, please visit the JEPQ Holdings page.
Below, you can see the one-year price performance of JEPQ compared to its 200-day moving average:
The chart indicates that JEPQ’s low for the past 52 weeks is $47.6708 per share, while its high is $58.54. The most recent trade shows a price of $51.50. Evaluating this share price against the 200-day moving average can be a valuable technique for technical analysis; learn more about the 200-day moving average.
Exchange-traded funds (ETFs) operate like stocks, but they involve trading ‘units’ instead of ‘shares.’ These units are traded back and forth like stocks and can be created or destroyed based on investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units removed). The creation of new units means the underlying holdings of the ETF must be bought, whereas the destruction involves selling these holdings, which can significantly affect the individual components within the ETFs.
Click here to find out which 9 other ETFs experienced notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
