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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.2074 per share on Thursday, October 1st. This represents a dividend yield of 2,513.0%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 1.5% decrease from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2105.

REX FANG & Innovation Equity Premium Income ETF Price Performance

REX FANG & Innovation Equity Premium Income ETF stock opened at $42.92 on Wednesday. The stock’s 50 day moving average is $41.76 and its 200 day moving average is $42.49. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68. The firm has a market cap of $721.06 million, a P/E 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 hedge funds have recently bought and sold shares of FEPI. Private Wealth Asset Management LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF during the 4th 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 about $65,000. CoreCap Advisors LLC bought a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 2nd quarter valued at about $233,000. Finally, Janney Montgomery Scott LLC grew its stake in REX FANG & Innovation Equity Premium Income ETF by 43.0% during the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $4,389,000 after purchasing an additional 33,288 shares during the period.

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.