REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Announces Dividend Increase – $0.21 Per Share

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 23rd will be given a dividend of 0.2105 per share on Thursday, September 24th. This represents a yield of 2,532.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 3.0% increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.20.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

Shares of FEPI traded down $0.37 during mid-day trading on Wednesday, hitting $43.15. 44,743 shares of the company were exchanged, compared to its average volume of 192,933. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $37.90 and a 1-year high of $49.68. The company has a 50 day moving average of $41.59 and a 200-day moving average of $42.47. The stock has a market cap of $720.64 million, a price-to-earnings ratio of 41.27 and a beta of 1.11.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FEPI. Janney Montgomery Scott LLC grew its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after buying an additional 33,288 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $233,000. Arlington Trust Co LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $65,000. Finally, Private Wealth Asset Management LLC purchased a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000.

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.