REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Raises Dividend to $0.21 Per Share

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 of this dividend 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 Price Performance

FEPI stock traded down $0.03 during trading hours on Wednesday, reaching $41.84. 181,821 shares of the stock were exchanged, compared to its average volume of 194,509. The firm’s 50-day moving average is $41.51 and its 200-day moving average is $42.39. The company has a market cap of $690.36 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. REX FANG & Innovation Equity Premium Income ETF has a 12 month low of $37.90 and a 12 month high of $49.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Private Wealth Asset Management LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the 4th quarter valued at approximately $36,000. Arlington Trust Co LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $65,000. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $233,000. SBI Securities Co. Ltd. boosted its position 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 acquiring an additional 9,934 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of 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 acquiring an additional 51,350 shares in the last quarter.

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. FEPI was launched on Oct 9, 2023 and is issued by REX.