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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, September 1st. Investors of record on Wednesday, September 2nd will be given a dividend of 0.2052 per share on Thursday, September 3rd. This represents a yield of 2,550.0%. The ex-dividend date 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 Stock Performance

Shares of NASDAQ FEPI traded down $0.03 during trading on Wednesday, hitting $41.84. The company had a trading volume of 181,845 shares, compared to its average volume of 194,513. REX FANG & Innovation Equity Premium Income ETF has a 52 week low of $37.90 and a 52 week high of $49.68. The business’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 P/E ratio of 41.27 and a beta of 1.10.

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

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after acquiring an additional 33,288 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter valued at approximately $36,000. CoreCap Advisors LLC bought a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at approximately $233,000. Arlington Trust Co LLC bought a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at approximately $65,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock worth $2,440,000 after buying an additional 9,934 shares during 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.