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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, September 8th. Stockholders 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 Stock Performance

Shares of NASDAQ:FEPI opened at $42.67 on Wednesday. The stock has a 50-day simple moving average of $41.54 and a 200-day simple moving average of $42.41. The stock has a market capitalization of $704.05 million, a P/E ratio of 41.27 and a beta of 1.11. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $37.90 and a 1 year high of $49.68.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

A number of institutional investors have recently added to or reduced their stakes in FEPI. Janney Montgomery Scott LLC raised its position in REX FANG & Innovation Equity Premium Income ETF by 197.4% in the fourth 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 during the period. CoreCap Advisors LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter worth about $233,000. Arlington Trust Co LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF in the second quarter valued at about $65,000. Finally, Private Wealth Asset Management LLC acquired a new stake in shares of 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.