JEPI - Does This Monthly Income ETF's 7.6% Yield Make It a Buy Now?
2024-04-28 05:06:00 ET
The JPMorgan Equity Premium Income ETF 's (NYSEMKT: JEPI) trailing 7.6% dividend yield is eye-catching enough to attract investors looking for monthly income. But just how risky is it? Here's what you need to know before you buy it.
The exchange-traded fund (ETF) aims to generate sustainable monthly income for investors while having the potential for capital appreciation. Its managers also seek to achieve lower volatility than the S&P 500 Index by investing in equities and equity-linked notes (ELNs).
The strategy of the ETF is as follows:
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Does This Monthly Income ETF's 7.6% Yield Make It a Buy Now?