It sounds too good to be true: a growth oriented ETF investment that also offers a 9% dividend yield. Here’s what you need to know about JEPQ.
As a dividend investor, you’d probably be pretty happy if you owned an exchange-traded fund (ETF) that rose 15% in a year while offering a high-single-digit yield. That’s exactly what the JP Morgan Nasdaq Equity Premium Income ETF (JEPQ 0.20%) provided investors over the last 52 weeks. Before you run out and buy this ETF, however, you need to understand that there are some risks to consider, too.
What does the JP Morgan Nasdaq Equity Premium Income ETF do?
The JP Morgan Nasdaq Equity Premium Income ETF is an actively managed ETF that invests in the stocks of the Nasdaq-100 index. That index is made up of the 100 largest stocks that trade on the Nasdaq exchange. Although the mix changes over time, it has a long history of being a technology-heavy…
