4 covered call ETFs that pays you every single months
4 covered call ETFs that pays you every single months: Welcome to the world of exchange-traded funds, where investors have a plethora of options to choose from. One such option is the Covered Call ETF, which can be an excellent choice for investors looking to generate consistent income every month. Here are four Covered Call ETFs that pay you every single month.
4 covered call ETFs that pays you every single months
1. JEPI: The JPMorgan Equity Premium Income ETF
JEPI is a relatively new entrant to the ETF world, having been launched in 2020. The ETF is managed by J.P. Morgan and seeks to provide investors with exposure to high-quality U.S. equities while generating monthly income.
The fund uses a covered call strategy to generate income, which involves selling call options on the underlying securities in the portfolio. This strategy helps to offset the fund’s expenses and generate a higher yield for investors.
2. JEPQ: The JPMorgan U.S. Dividend ETF
Another offering from J.P. Morgan, the JEPQ ETF seeks to provide investors with exposure to U.S. dividend-paying stocks while generating monthly income.
The fund uses a covered call strategy to generate income, which involves selling call options on the underlying securities in the portfolio. This strategy helps to offset the fund’s expenses and generate a higher yield for investors.
3. DIVO: The Amplify YieldShares CWP Dividend & Option Income ETF
The DIVO ETF is managed by Amplify ETFs and seeks to provide investors with exposure to U.S. large-cap dividend-paying stocks while generating monthly income. The fund uses a covered call strategy to generate income, which involves selling call options on the underlying securities in the portfolio.
Additionally, the fund uses a cash-secured put strategy, which involves selling put options on securities the fund would be willing to buy at a predetermined price. This strategy helps to generate income and potentially buy stocks at a lower price.
4. IDVO: The Invesco S&P International Developed Low Volatility ETF
The IDVO ETF is managed by Invesco and seeks to provide investors with exposure to low-volatility international stocks while generating monthly income.
The fund uses a covered call strategy to generate income, which involves selling call options on the underlying securities in the portfolio. This strategy helps to offset the fund’s expenses and generate a higher yield for investors.
These Covered Call ETFs have performed over the past year
Now, let’s take a look at how these Covered Call ETFs have performed over the past year. As of March 31, 2023, JEPI has a 12-month yield of about 11.46%, JEPQ has a 12-month yield of about 12.53%, DIVO has a 12-month yield of about 7.12%, and IDVO has a 12-month yield of about 4.88%.
It’s essential to note that past performance is not indicative of future results and that investors should always do their due diligence before investing.
Conclusion
In conclusion, Covered Call ETFs can be an excellent choice for investors looking to generate consistent income every month. The JEPI, JEPQ, DIVO, and IDVO ETFs are just a few of the many Covered Call ETFs available to investors.
So, if you’re looking for a way to generate monthly income while still investing in the stock market, consider adding one of these ETFs to your portfolio.
You might want to read Growth vs Dividend vs Income
