Janney Montgomery Scott LLC Increases Stake in REX FANG & Innovation Equity Premium Income ETF $FEPI

Janney Montgomery Scott LLC raised its stake in REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 43.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,645 shares of the company’s stock after buying an additional 33,288 shares during the quarter. Janney Montgomery Scott LLC’s holdings in REX FANG & Innovation Equity Premium Income ETF were worth $4,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth 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 in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of 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 acquiring an additional 755 shares during the period. Farther Finance Advisors LLC increased its position 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 valued at $170,000 after acquiring an additional 600 shares during the period. Finally, Private Wealth Asset Management LLC acquired a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the fourth quarter worth $36,000.

REX FANG & Innovation Equity Premium Income ETF Stock Performance

NASDAQ FEPI opened at $41.90 on Monday. The stock has a market capitalization of $665.37 million, a price-to-earnings ratio of 41.27 and a beta of 1.08. The business’s 50 day moving average is $44.03 and its two-hundred day moving average is $43.42. REX FANG & Innovation Equity Premium Income ETF has a 12-month low of $37.90 and a 12-month high of $49.68.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, July 1st were given a $0.2089 dividend. This is a boost from REX FANG & Innovation Equity Premium Income ETF’s previous dividend of $0.21. The ex-dividend date was Wednesday, July 1st.

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.