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

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, July 14th, NASDAQ Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.2033 per share on Thursday, July 16th. The ex-dividend date of this dividend is Wednesday, July 15th.

REX FANG & Innovation Equity Premium Income ETF Trading Down 0.3%

NASDAQ:FEPI traded down $0.14 during mid-day trading on Wednesday, reaching $42.30. 230,424 shares of the stock were exchanged, compared to its average volume of 196,549. The business has a fifty day moving average price of $43.93 and a 200 day moving average price of $43.24. The firm has a market capitalization of $674.68 million, a PE ratio of 41.27 and a beta of 1.08. REX FANG & Innovation Equity Premium Income ETF has a 1-year low of $37.90 and a 1-year high of $49.68.

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

Several hedge funds have recently made changes to their positions in FEPI. CoreCap Advisors LLC raised its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 8.1% in the 4th quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 19.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock worth $170,000 after buying an additional 600 shares in the last quarter. SBI Securities Co. Ltd. grew its position in 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 worth $2,440,000 after buying an additional 9,934 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in REX FANG & Innovation Equity Premium Income ETF in the fourth quarter worth approximately $36,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF by 197.4% in the fourth 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 in the last quarter.

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.