REX FANG & Innovation Equity Premium Income ETF Plans Dividend of $0.19 (NASDAQ:FEPI)

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, July 28th, NASDAQ Dividends reports. Investors of record on Wednesday, July 29th will be given a dividend of 0.192 per share on Thursday, July 30th. The ex-dividend date of this dividend is Wednesday, July 29th.

REX FANG & Innovation Equity Premium Income ETF Price Performance

FEPI traded down $0.92 during trading on Wednesday, hitting $37.98. The stock had a trading volume of 283,037 shares, compared to its average volume of 199,112. The company has a 50 day moving average price of $43.16 and a 200-day moving average price of $42.89. The firm has a market cap of $626.67 million, a price-to-earnings ratio of 41.27 and a beta of 1.08. REX FANG & Innovation Equity Premium Income ETF has a one year low of $37.90 and a one year high of $49.68.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FEPI. Private Wealth Asset Management LLC acquired a new position in shares of REX FANG & Innovation Equity Premium Income ETF in the fourth quarter valued at about $36,000. Arlington Trust Co LLC bought a new position in REX FANG & Innovation Equity Premium Income ETF during the second quarter worth about $65,000. Farther Finance Advisors LLC raised its stake in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after purchasing an additional 600 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth about $233,000. Finally, SBI Securities Co. Ltd. boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 21.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after purchasing an additional 9,934 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.