REX FANG & Innovation Equity Premium Income ETF Declares Dividend of $0.21 (NASDAQ:FEPI)

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a dividend on Tuesday, June 9th, NASDAQ Dividends reports. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.2133 per share on Thursday, June 11th. The ex-dividend date of this dividend is Wednesday, June 10th.

REX FANG & Innovation Equity Premium Income ETF Trading Down 2.4%

Shares of FEPI stock traded down $1.07 during trading hours on Wednesday, hitting $42.95. 187,677 shares of the company were exchanged, compared to its average volume of 197,652. The firm has a fifty day simple moving average of $43.48 and a 200 day simple moving average of $43.78. REX FANG & Innovation Equity Premium Income ETF has a 52-week low of $37.90 and a 52-week high of $49.68. The stock has a market capitalization of $645.11 million, a price-to-earnings ratio of 41.27 and a beta of 1.05.

Institutional Investors Weigh In On REX FANG & Innovation Equity Premium Income ETF

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake 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 worth $170,000 after purchasing an additional 600 shares during the last quarter. CoreCap Advisors LLC increased its stake 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 worth $457,000 after purchasing an additional 755 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of REX FANG & Innovation Equity Premium Income ETF during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 21.9% in 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. Finally, Janney Montgomery Scott LLC boosted its holdings in REX FANG & Innovation Equity Premium Income ETF by 43.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock worth $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.