REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) to Issue Monthly Dividend of $0.90
by Jessica Moore · The Cerbat GemREX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI – Get Free Report) announced a monthly dividend on Tuesday, April 21st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 22nd will be given a dividend of 0.9045 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 25.3%. The ex-dividend date is Wednesday, April 22nd. This is a 2.4% increase from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $0.88.
REX FANG & Innovation Equity Premium Income ETF Price Performance
Shares of FEPI stock traded down $0.29 during trading on Wednesday, hitting $42.82. 112,358 shares of the stock traded hands, compared to its average volume of 188,030. The firm has a market capitalization of $628.60 million, a P/E ratio of 41.27 and a beta of 1.01. The firm’s fifty day moving average price is $41.57 and its 200-day moving average price is $44.45. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $37.90 and a 52-week high of $49.68.
Institutional Trading of REX FANG & Innovation Equity Premium Income ETF
Several institutional investors have recently made changes to their positions in FEPI. Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter valued at approximately $36,000. Farther Finance Advisors LLC raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 19.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after buying an additional 600 shares during the period. CoreCap Advisors LLC raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $457,000 after buying an additional 755 shares during the period. SBI Securities Co. Ltd. raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after buying an additional 9,934 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after buying an additional 51,350 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.