REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Plans $0.96 Monthly Dividend

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a monthly dividend on Monday, November 24th. Stockholders of record on Tuesday, November 25th will be given a dividend of 0.9589 per share on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 25.7%. The ex-dividend date of this dividend is Tuesday, November 25th.

REX FANG & Innovation Equity Premium Income ETF Trading Down 2.3%

Shares of FEPI stock traded down $1.03 during mid-day trading on Tuesday, reaching $44.69. The stock had a trading volume of 137,034 shares, compared to its average volume of 144,624. The business’s fifty day moving average is $47.16 and its 200-day moving average is $45.96. The firm has a market cap of $536.28 million, a price-to-earnings ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $35.44 and a 1-year high of $52.75.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 199.4% in the second quarter. SBI Securities Co. Ltd. now owns 9,647 shares of the company’s stock worth $439,000 after acquiring an additional 6,425 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 36.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the company’s stock valued at $299,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in REX FANG & Innovation Equity Premium Income ETF by 7.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,138 shares of the company’s stock worth $234,000 after purchasing an additional 344 shares during the period.

About REX FANG & Innovation Equity Premium Income ETF

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.