Why I Keep Buying This Ultra-High-Yielding ETF for Passive Income
My top financial goal is to grow my passive income so that it can eventually cover my monthly expenses. I've made a variety of passive income investments, including dividend stocks, real estate partnerships, and bonds. One of my favorite vehicles for generating passive income is investing in exchange-traded funds (ETFs).
I own several income-focused ETFs, including the JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI). I routinely buy more shares of the ETF, which offers a lucrative monthly income stream. Here's why it's one of my favorite ETFs for passive income.
The JPMorgan Equity Premium Income ETF is an actively managed fund. Its primary goal is to deliver monthly income and equity market exposure with less volatility than the broader stock market. The ETF has certainly lived up to its name over the past year, delivering premium income compared to other yield-focused asset classes.
Source Fool.com
JPMorgan Chase & Co. Stock
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..
