REX FANG & Innovation Equity Premium Income ETF (FEPI) to Distribute Dividend of $0.21 on September 3rd

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, September 1st. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.2052 per share on Thursday, September 3rd. This represents a yield of 2,550.0%. The ex-dividend date is Wednesday, September 2nd. This is a 2.6% increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.20.

REX FANG & Innovation Equity Premium Income ETF Trading Down 0.1%

Shares of REX FANG & Innovation Equity Premium Income ETF stock opened at $41.84 on Thursday. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The firm has a market capitalization of $690.36 million, a PE ratio of 41.27 and a beta of 1.11. The firm’s 50-day moving average price is $41.52 and its 200 day moving average price is $42.39.

Hedge Funds Weigh In On REX FANG & Innovation Equity Premium Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FEPI. Private Wealth Asset Management LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth approximately $36,000. Arlington Trust Co LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at $65,000. CoreCap Advisors LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at $233,000. SBI Securities Co. Ltd. boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after purchasing an additional 9,934 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in REX FANG & Innovation Equity Premium Income ETF by 197.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock worth $3,524,000 after purchasing an additional 51,350 shares during the last quarter.

REX FANG & Innovation Equity Premium Income ETF Company Profile

The REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them. FEPI was launched on Oct 9, 2023 and is issued by REX.