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

Janney Montgomery Scott LLC increased its holdings in shares of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) by 43.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,645 shares of the company’s stock after purchasing an additional 33,288 shares during the period. Janney Montgomery Scott LLC owned 0.75% of REX FANG & Innovation Equity Premium Income ETF worth $4,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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. grew its stake 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 acquiring an additional 9,934 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 valued at $170,000 after buying an additional 600 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in REX FANG & Innovation Equity Premium Income ETF by 8.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock worth $457,000 after buying an additional 755 shares during the period.

REX FANG & Innovation Equity Premium Income ETF Price Performance

Shares of FEPI opened at $41.90 on Monday. REX FANG & Innovation Equity Premium Income ETF has a twelve month low of $37.90 and a twelve month high of $49.68. The company has a 50 day moving average of $44.03 and a two-hundred day moving average of $43.42. The company has a market cap of $665.37 million, a price-to-earnings ratio of 41.27 and a beta of 1.08.

REX FANG & Innovation Equity Premium Income ETF Increases Dividend

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

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.