The JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is in rare company in the exchange traded fund industry, offering a double-digit dividend yield while having nearly $20B in assets under management.

Specifically, JEPI, which has been in operation for the better part of two and a half years, offers investors an 11.54% dividend yield, much higher than many of the other top funds.

JEPI is an actively managed exchange traded fund that generates income by selling options on U.S. large cap stocks. The fund was launched back in May of 2020 and has delivered lifetime returns of 10.2%. So far in 2023, the fund has pushed higher by 1.1%, although it is down about 9% over the past 12 month.

Investors have poured $18.79B into the exchange traded fund since its inception less than three years ago. During that same time period, JEPI has amassed more capital than the top two dividend exchange traded funds available for investors.

The Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) which is the largest dividend ETF, has pulled in $9.93B since JEPI’s launch. The fund also offers a 1.92% dividend yield. At the same time the Vanguard High Dividend Yield Index ETF (VYM), which is the second largest fund, pulled in $14.28B since JEPI’s launch and is attached to a 2.97% dividend yield.

From a divided yield perspective JEPI also outshines the Schwab US Dividend Equity ETF (NYSEARCA:SCHD), iShares Core Dividend Growth ETF (DGRO), SPDR S&P Dividend ETF (SDY), and the iShares Select Dividend ETF (NASDAQ:DVY).

SCHD offers investors a dividend yield of 3.35%, DGRO provides a 2.30% yield, SDY delivers a 2.51% yield, and DVY presents a 3.35% dividend yield.

Dividend data is per etfdb.com.

Seeking Alpha contributor David Alton Clark lists JEPI as his top high-yielding income pick for 2023.