RESULTS. Provided an attractive 12-month rolling dividend yield of 11.07% and 30-day SEC yield of 7.38%. Top quintile yield in the Derivative Income category.

The JPMorgan Equity Premium Income ETF (JEPI) is an actively managed fund that generates income by selling options on U.S. large cap stocks. The fund invests in S&P 500 stocks that exhibit low-volatility and value characteristics, and sells options on those stocks to generate additional income.

JEPI Total Assets Under Management: 29.38B for Oct. Upgrade now.

A conservative equity ETF seeking income as the outcome, balanced with an attractive total return. JEPI is a highly liquid ETF offering daily transparency and tax efficiency at a low cost. The strategy combines equities with options to strike a balance among yield, capital growth and risk.

JEPI acts as an income diversifier given its ability to distribute income without exposure to duration or credit risk relative to other income-yielding products. By selling call options on the S&P 500 Index, the ETF seeks to deliver monthly income with less volatility than the broader market.

JEPI has a conensus rating of Moderate Buy which is based on 106 buy ratings, 14 hold ratings and 0 sell ratings. What is JEPI's price target? The average price target for JEPI is $61.84. This is based on 120 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Overall Rating. Morningstar has awarded this fund 5 stars based on its risk-adjusted performance compared to the 82 funds within its Morningstar Category.

The forward dividend yield for JEPIX as of Oct. 14, 2023 is 7.17%. Average dividend growth rate for stock JPMorgan Equity Premium Income I (JEPIX) for past three years is -0.58%.

Based on 120 Wall Street analysts offering 12 month price targets to JEPI holdings in the last 3 months. The average price target is $61.84 with a high forecast of $71.25 and a low forecast of $51.52. The average price target represents a 15.68% change from the last price of $53.46.

Growth potential: While JEPI may offer attractive income, its focus on generating yield might result in lower share growth over the long term compared to other investment options. JEPI may also have lower dividend growth potential due to its option writing, which limits its capital appreciation.

JEPI offered investors a great source of alternative portfolio income in a time where both yields and positive total returns on the fixed income side were scarce. For better or worse, yield is a big investor motivator, but high yields without context can be dangerous.

JEPI produces high income Instead of focusing on total returns (which are capped with a covered call strategy), they love looking at high distribution yields. Bonus if the distribution is paid on a monthly basis.