REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases Dividend to $0.20 Per Share

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, August 18th, NASDAQ Dividends reports. Investors of record on Wednesday, August 19th will be paid a dividend of 0.2047 per share on Thursday, August 20th. The ex-dividend date is Wednesday, August 19th. This is a 0.9% 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 REX FANG & Innovation Equity Premium Income ETF stock traded down $0.18 during trading on Wednesday, hitting $41.62. 112,530 shares of the company’s stock were exchanged, compared to its average volume of 196,829. The stock has a market capitalization of $686.73 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. The business has a 50-day simple moving average of $41.88 and a 200-day simple moving average of $42.47. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $37.90 and a 52-week high of $49.68.

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

Several institutional investors and hedge funds have recently modified their holdings of FEPI. Farther Finance Advisors LLC lifted its holdings in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after acquiring an additional 600 shares during the period. Private Wealth Asset Management LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth approximately $36,000. Arlington Trust Co LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $65,000. CoreCap Advisors LLC purchased a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter valued at approximately $233,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of 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 valued at $2,440,000 after purchasing an additional 9,934 shares in 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.