REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shares Set to Pay Dividend of $0.25

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a dividend on Tuesday, September 29th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.2501 per share on Thursday, October 1st. This represents a dividend yield of 3,468.0%. The ex-dividend date is Wednesday, September 30th. This is a 0.6% decrease from REX AI Equity Premium Income ETF’s previous dividend of $0.2517.

REX AI Equity Premium Income ETF Stock Up 0.2%

Shares of AIPI stock opened at $37.51 on Wednesday. The stock has a fifty day moving average of $36.60 and a 200 day moving average of $36.43. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08. The firm has a market capitalization of $471.50 million, a price-to-earnings ratio of 41.65 and a beta of 1.13.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A hedge fund recently raised its position in REX AI Equity Premium Income ETF stock. Janney Montgomery Scott LLC grew its stake in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 51.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,367 shares of the company’s stock after purchasing an additional 2,832 shares during the period. Janney Montgomery Scott LLC owned approximately 0.08% of REX AI Equity Premium Income ETF worth $281,000 as of its most recent SEC filing.

REX AI Equity Premium Income ETF Company Profile

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in leading Artificial Intelligence (AI) companies selected from the holdings of the BITA AI Leaders Select Index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions AIPI was launched on Jun 4, 2024 and is issued by REX Shares.