REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) declared a dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.2052 per share on Thursday, September 3rd. This represents a dividend 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 Price Performance
Shares of FEPI stock traded down $0.03 during trading hours on Wednesday, reaching $41.84. The company had a trading volume of 181,821 shares, compared to its average volume of 194,509. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $37.90 and a 1-year high of $49.68. The firm has a market cap of $690.36 million, a price-to-earnings ratio of 41.27 and a beta of 1.10. The company has a 50 day moving average of $41.51 and a 200 day moving average of $42.39.
Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF
Several large investors have recently bought and sold shares of FEPI. Private Wealth Asset Management LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth about $36,000. Arlington Trust Co LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter valued at approximately $65,000. CoreCap Advisors LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth approximately $233,000. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 9,934 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in 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 buying an additional 33,288 shares during the period.
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.
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