That makes the three ETFs below particularly interesting. Based on TipRanks’ High Dividend Yield ETFs tool, the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ), and Global X SuperDividend ETF (SDIV) currently offer dividend yields ranging from about 8% to nearly 10%. Better still, all three pay investors monthly. Let’s take a closer look at the trio.
J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ)
JEPQ has become a heavyweight among income-focused ETFs, and it isn’t difficult to understand the appeal. Rather than asking investors to choose between technology stocks and income, the fund attempts to provide some of both.
JEPQ owns a portfolio of large-cap U.S. stocks while generating additional income by selling options. JPMorgan says the strategy is designed to provide monthly income while retaining the potential for capital appreciation and delivering less volatility than the Nasdaq-100.
That approach comes at a relatively modest cost, with JEPQ carrying a 0.35% expense ratio. The ETF has about $45.98 billion in assets, holds 132 positions, and currently offers an 8.04% dividend yield on a trailing basis.
