Does This Monthly Income ETF's 7.6% Yield Make It a Buy Now?
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 500 Index by investing in equities and equity-linked notes (ELNs).
The strategy of the ETF is as follows:
Source Fool.com
JPMorgan Chase & Co. Stock
€194.82
-0.290%
With 34 Buy predictions and not a single Sell prediction JPMorgan Chase & Co. is an absolute favorite of our community.
As a result the target price of 202 € shows a slightly positive potential of 3.69% compared to the current price of 194.82 € for JPMorgan Chase & Co..
