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
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 201 € there is a slightly positive potential of 13.55% for JPMorgan Chase & Co. compared to the current price of 177.02 €.
