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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, September 8th. Investors of record on Wednesday, September 9th will be given a dividend of 0.2063 per share on Thursday, September 10th. This represents a dividend yield of 2,514.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

REX FANG & Innovation Equity Premium Income ETF Price Performance

REX FANG & Innovation Equity Premium Income ETF stock opened at $42.67 on Wednesday. The stock’s 50 day moving average price is $41.54 and its 200 day moving average price is $42.41. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $37.90 and a 1-year high of $49.68. The company has a market cap of $704.05 million, a PE ratio of 41.27 and a beta of 1.11.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after purchasing an additional 51,350 shares in the last quarter. CoreCap Advisors LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth about $233,000. Arlington Trust Co LLC acquired 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 in the fourth quarter valued at 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.