I am of the view that the recent selling pressure will begin to subside into September; the market is very efficient about putting risk on and taking it off, suggests Bryan Perry, editor of Cash Machine.

Based on the second-quarter sales, earnings and guidance from many of the leading technology companies, I want to use this broad pullback to add some high-yield exposure to the tech sector at these lower levels. 

I like how JP Morgan Nasdaq Equity Premium Income ETF (JEPQ) is structured. More importantly, I like the stocks that it owns. The exchange-traded fund holds a basket of big-cap stocks comprising its benchmark, the Nasdaq 100 Index, while pursuing lower volatility.

The ETF also may invest up to 20% of its portfolio in equity-linked notes (ELNs) issued by counterparties, including banks, broker-dealers or their affiliates, to provide additional income.

An equity-linked note is a debt instrument, usually a bond, that differs from a standard fixed-income security in that the final payout is based on the return of the underlying equity, which can be a single stock, basket of stocks or an equity index. 

The top 10 holdings make up about 53% of total assets, led by Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN) and Tesla (TSLA).

The current yield is 9.67%, in keeping with my objective to position new assets in our model portfolio that pay out yields that exceed the rate of current inflation.

The shares of JEPQ pay out a monthly dividend, also a key feature that we can all appreciate. We note that the fund has been trading for only four months.

The shares are down from the recent high of $51, making for an attractive entry point and a prime addition to our Accelerated Income Portfolio. Buy JEPQ under $49. 

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