REX FANG & Innovation Equity Premium Income ETF (FEPI) To Go Ex-Dividend on September 23rd

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, September 22nd. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.2105 per share on Thursday, September 24th. This represents a dividend yield of 2,541.0%. The ex-dividend date is Wednesday, September 23rd. This is a 3.0% increase from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.20.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.0%

Shares of NASDAQ:FEPI opened at $43.08 on Thursday. The firm’s 50 day moving average price is $41.61 and its 200 day moving average price is $42.47. The stock has a market cap of $719.44 million, a price-to-earnings ratio of 41.27 and a beta of 1.11. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $37.90 and a fifty-two week high of $49.68.

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

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted 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 last quarter. CoreCap Advisors LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth about $233,000. Arlington Trust Co LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter worth about $65,000. Finally, Private Wealth Asset Management LLC purchased a new stake in REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth approximately $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.