REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Shareholders to Get $0.20 Dividend

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, October 27th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.1964 per share on Thursday, October 29th. This represents a yield of 2,484.0%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a 2.5% decrease from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.2015.

REX FANG & Innovation Equity Premium Income ETF Stock Up 1.4%

FEPI stock opened at $41.12 on Wednesday. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The stock has a market capitalization of $718.78 million, a price-to-earnings ratio of 41.27 and a beta of 1.09. The firm’s fifty day simple moving average is $42.27 and its two-hundred day simple moving average is $42.61.

Institutional Trading of REX FANG & Innovation Equity Premium Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new stake in REX FANG & Innovation Equity Premium Income ETF in the 2nd quarter worth about $65,000. CoreCap Advisors LLC purchased a new position in shares of REX FANG & Innovation Equity Premium Income ETF during the second quarter valued at approximately $233,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of 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 valued at $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.