REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Plans $0.87 Dividend

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, March 24th, NASDAQ Dividends reports. Investors of record on Wednesday, March 25th will be paid a dividend of 0.8675 per share on Thursday, March 26th. The ex-dividend date is Wednesday, March 25th.

REX FANG & Innovation Equity Premium Income ETF Stock Down 1.6%

REX FANG & Innovation Equity Premium Income ETF stock traded down $0.65 during mid-day trading on Wednesday, hitting $40.72. 127,972 shares of the company’s stock were exchanged, compared to its average volume of 186,650. The company’s 50 day simple moving average is $42.79 and its 200-day simple moving average is $45.26. The firm has a market capitalization of $574.15 million, a P/E ratio of 41.27 and a beta of 1.05. REX FANG & Innovation Equity Premium Income ETF has a fifty-two week low of $35.44 and a fifty-two week high of $49.68.

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

Several institutional investors have recently modified their holdings of FEPI. Janney Montgomery Scott LLC grew its position in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,357 shares of the company’s stock valued at $3,524,000 after purchasing an additional 51,350 shares during the period. Private Wealth Asset Management LLC bought a new stake in REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. raised its holdings in 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 worth $2,440,000 after buying an additional 9,934 shares during the period. Farther Finance Advisors LLC lifted its stake in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth 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 in the last quarter. Finally, CoreCap Advisors LLC lifted its stake in REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $457,000 after buying an additional 755 shares in the last quarter.

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.