REX FANG & Innovation Equity Premium Income ETFFEPI
FEPI
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more capital invested
Capital invested by funds: $10.8M [Q2] → $20.4M (+$9.55M) [Q3]
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
4% more funds holding
Funds holding: 24 [Q2] → 25 (+1) [Q3]
1.54% more ownership
Funds ownership: 3.67% [Q2] → 5.21% (+1.54%) [Q3]
88% less call options, than puts
Call options by funds: $185K | Put options by funds: $1.57M
Research analyst outlook
We haven’t received any recent analyst ratings for FEPI.
Financial journalist opinion
Positive
Seeking Alpha
5 days ago
FEPI: Ignoring This Fund And Its 25% Yield Was A Mistake
FEPI offers a unique strategy by holding 15 tech stocks and selling options against them, providing high income but capping upside and increasing concentration risk. Despite trailing competitors, FEPI impresses with a 25% yield and tax-efficient distributions, making it suitable for aggressive income investors seeking innovation at a discount. I recommend a buy rating for FEPI, advising up to a 10% portfolio allocation for aggressive investors, but caution against its volatility and concentration risks.
Neutral
Seeking Alpha
2 weeks ago
FEPI Could Struggle To Recover After A Tech Stocks Correction
In a bull market, FEPI's high dividend yields, combined with limited capital appreciation, make it especially appealing to income investors. It holds a high concentration of FAANG stocks, which are high-growth and volatile; a risky choice when employing a buy-write strategy. I believe there is a significant risk of capital depreciation during market downturns, which may be difficult to recover.
Neutral
Seeking Alpha
1 month ago
FEPI: Diversification Exists For A Reason
I rate the REX FANG & Innovation Equity Premium Income ETF a Hold. The strategy has its perks, but has portfolio flaws for the average long-term income investor. FEPI's strategy of writing covered calls on individual tech stocks generates higher premiums but comes with increased volatility and limited upside. The fund's concentrated portfolio of 15 stocks exposes it to greater individual stock risks, exemplified by the impact of INTC's performance.
Positive
Seeking Alpha
2 months ago
FEPI: An Efficient Way To Utilize A Covered Call Fund
I recommend the REX FANG & Innovation Premium Income ETF for its high dividend yield and capital preservation, making it ideal for income generation. FEPI's strategy involves owning underlying tech assets and implementing 'out-of-the-money' options, which allows for some capital appreciation. FEPI should be used as an accompanying fund to diversify income streams, not as the sole portfolio component, due to its limited upside potential.
Neutral
Seeking Alpha
2 months ago
Comparing 3 New And 1 Older Covered Call ETFs Offering High-Yield Income From Tech Stocks
Covered Call ETFs like QYLD, FEPI, QQQI, and QDTE offer high yields by selling call options on Nasdaq 100 stocks, appealing to income-focused investors. FEPI, launched in October 2023, owns shares of top tech stocks and yields about 25%, outperforming QYLD in recent bull markets. QQQI, launched in January 2024, offers a 14% yield with a tax-efficient income stream, while QDTE, launched in March 2024, provides weekly distributions with a 31% yield.
Negative
Seeking Alpha
2 months ago
FEPI: Income Not Worth The Risk Of Capital Loss
The FEPI ETF generates high monthly income by selling covered calls on FANG stocks, achieving 25% annualized income over the past 11 months since its inception. The underlying stocks' high valuations and slowing growth rates expose FEPI to significant capital loss risks, potentially overwhelming its income returns. Fed easing may provide some short-term support to these speculatively sensitive tech stocks, but previous Fed-fuelled market advances have started from much cheaper valuations.
Negative
Seeking Alpha
3 months ago
FEPI Provides Investors With High Income But Growth Is Capped
FEPI invests in the top 15 large-cap tech stocks and sells covered calls to generate income, capping growth and exposing investors to downside risk. REX FANG & Innovation Equity Premium Income ETF offers a high distribution rate of 25.20%, but declining distributions and limited upside potential are concerns. Despite a relatively moderate expense ratio, the strategy's limited growth and downside risks make it less appealing for long-term investors.
Positive
Seeking Alpha
4 months ago
FEPI: Not So 'Premium' Portfolio, Better ETFs Available
ETFs selling covered calls with a growth portfolio is an interesting income approach during a bull market. Investors may look at a short-term bottom and recovery for good opportunities to buy growth (option) income ETFs. REX FANG & Innovation Equity Premium Income ETF has a questionable strategy and portfolio structure, not recommended for purchase.
Positive
Seeking Alpha
4 months ago
FEPI: The New Cornerstone Of Income ETFs
Cornerstone funds CLM and CRF offer monthly high-yield distributions with potential for capital appreciation from top S&P 500 stocks. Rex FANG & Innovation Equity Premium Income ETF offers even higher yield, also paid monthly, with a covered call strategy on 15 big tech stocks. FEPI provides high-yield income with some potential price gains from growth in underlying holdings, suitable for income investors.
Positive
Forbes
4 months ago
Don't Go Into The Next Market Crash Without These 7%+ Dividends
We've seen more choppiness in the markets in the last couple of weeks. That once again highlights why we should—dare I say need to—own one of the lowest-volatility, highest-paying investments I know of.
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