(07-19-2021, 12:58 PM)rayray Wrote: [ -> ] (07-19-2021, 12:50 PM)vbin Wrote: [ -> ]J&J considering ch11?
https://www.reuters.com/business/healthc...021-07-18/
kind of--but not exactly
(07-21-2021, 03:58 PM)kblake Wrote: [ -> ] (07-21-2021, 02:17 PM)fenders53 Wrote: [ -> ]I tried to dig in on JEPI but the top five holdings are vague and the next five have low dividends. Â What is the fund leveraging to get the very high yield?
Don't base it off the top 5 holdings because it holds funds and ETFS. Within their top 10 you have ACN, COST, INTU, ABBV, MSFT, LLY, PEP, TGT, UPS and PPG
But look at all their holdings and you will get a good idea of all the great companies this ETF holds.Â
They also hold NEE, MA, DE, JNJ, BMY, HON, KMB, LOWÂ in top 25. I think it's about 95 holdings in all.Â
UNH, HSY, V, PG, MDLZ and XEL as well just to name a few
Good stocks for sure but nothing you listed pays half the advertised fund yield. They are leveraging something pretty hard. There is no easy 8% yield or we'd all sign up and shut off the stock market. The other choice is they are distributing capital back.
From ETFDB:
"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."
So this is basically a play on the fund manager being able to predict the market movements and options are heavily used to enhance the yield. Which explains the high yield and the severely fluctuating dividend. Basically the dividend is almost fully dependent on the fund manager timing his options right.
(07-21-2021, 11:44 PM)crimsonghost747 Wrote: [ -> ]From ETFDB:
"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."
So this is basically a play on the fund manager being able to predict the market movements and options are heavily used to enhance the yield. Which explains the high yield and the severely fluctuating dividend. Basically the dividend is almost fully dependent on the fund manager timing his options right.
That is correct. They do covered calls within the ETF. This is a nice income fund if you wants stocks and options. Good way to play the market without getting hurt.
I forgot I added to PBA yesterday. This one pays out monthly as well.
TXN on my watch list today.
It is very similar to the portion of my port I do conservative options with. In theory it should be less volatile than SPY with better income most of the time. I'll definitely put it on my watch list.
Reshuffled a bit with my holdings
Sold out of ADP, ROST, NKE, and LULU
Added XOM, SRE, CCI, BIPC, D and MED
Sold a lot of NEE on the brief opening uptick. Up big and not willing to give it all back. I rarely trade the oprening 30 minutes or headlines but that revenue number looked bad against the PE. Time to update my research.
(07-23-2021, 08:39 AM)fenders53 Wrote: [ -> ]Sold a lot of NEE on the brief opening uptick. Â Up big and not willing to give it all back. Â I rarely trade the oprening 30 minutes or headlines but that revenue number looked bad against the PE. Time to update my research.
I did the same. Yield is only 2% and that's not good enough for me. I understood it was because of the split, but the stock is expensive regardless.
I also sold my MO stake and put it into OKE.
I had started selling NEE a week back, sold all today.