REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) to Issue Dividend of $0.21

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, September 22nd. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.2105 per share on Thursday, September 24th. This represents a dividend yield of 2,529.0%. 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

NASDAQ:FEPI opened at $43.25 on Wednesday. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The stock has a market cap of $722.27 million, a PE ratio of 41.27 and a beta of 1.11. The stock has a 50 day moving average price of $41.59 and a 200 day moving average price of $42.47.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after acquiring an additional 33,288 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at about $233,000. Arlington Trust Co LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth about $65,000. Finally, Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth about $36,000.

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.