REX FANG & Innovation Equity Premium Income ETFFEPI
FEPI
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
30% more funds holding
Funds holding: 27 [Q3] → 35 (+8) [Q4]
0.81% less ownership
Funds ownership: 5.29% [Q3] → 4.47% (-0.81%) [Q4]
5% less capital invested
Capital invested by funds: $20.7M [Q3] → $19.7M (-$1.01M) [Q4]
90% less call options, than puts
Call options by funds: $129K | Put options by funds: $1.25M
Research analyst outlook
We haven’t received any recent analyst ratings for FEPI.
Financial journalist opinion
Neutral
Seeking Alpha
3 weeks ago
FEPI: This ~30% Yield Is Less Risky Than You Might Think
My January bullish thesis on the REX FANG & Innovation Equity Premium Income ETF was based on a sideways Nasdaq 100 market, which didn't materialize. Yet, what was surprising to see is the FEPI's underperformance (relative to QQQ) even though it has the benefit of option premiums that could offset part of the downside move. In this article, I explain in more detail why FEPI failed to deliver on its promise to provide a buffer in a declining market environment.
Positive
Seeking Alpha
3 weeks ago
FEPI: Mag7 Exposure With A 30% Yield
REX FANG & Innovation Equity Premium Income ETF offers a 30% dividend yield by employing a covered call strategy on major tech stocks. FEPI's portfolio includes significant holdings in Mag 7 stocks like Netflix, Meta, Amazon, and Tesla, with a 20% cash position. The covered call strategy limits upside potential while providing high income.
Neutral
Seeking Alpha
1 month ago
High Yields Will Never Be The Same - Here's Why
High-yield investments like BDCs, MLPs, CEFs, and REITs offer substantial dividend yields, often overlooked by retail investors due to a lack of awareness. Option ETFs generate high income by writing options against equities, with some offering extreme yields, like Yieldmax MSTR Option Income Strategy ETF at 113%. These funds are for income generation, not total return or capital appreciation, and require a different evaluation lens than traditional investments.
Positive
Seeking Alpha
1 month ago
FEPI: A Simple Yet Effective Covered-Call Fund For The Current Market Conditions
REX FANG & Innovation Equity Premium Income ETF's simple options strategy and tax advantages make it a compelling buy, offering 15.81% returns over the past 10 months. The ETF focuses on large-cap tech companies, with a 0.65% expense ratio and a trailing yield of 26.62%. FEPI's covered-call strategy minimizes NAV loss while providing consistent monthly income, taxed primarily as return of capital.
Neutral
Seeking Alpha
2 months ago
FEPI Vs. SPYI: Does Twice The Dividend Yield Justify The Higher Risk?
FEPI and SPYI are both solid option income ETFs, with FEPI offering higher yields but greater risk due to its tech concentration. SPYI provides better capital preservation and a more diversified portfolio, making it suitable for conservative investors and those seeking better stability. Both funds use an out-of-the-money covered call strategy, which limits the upside but generates consistent income through premiums.
Positive
Seeking Alpha
3 months ago
How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
A portfolio of $700,000 is large enough to produce an annual dividend income that matches the national average individual income of $64,000. I prioritize high-yield investments like BDCs, REITs, MLPs, and option ETFs to achieve a substantial income stream, accepting less capital appreciation in exchange for higher income. A diversified portfolio of 15 holdings, including tech-heavy funds and income-focused assets, can replace a job income, providing financial security and flexibility.
Positive
Seeking Alpha
4 months 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
4 months 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
5 months 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
5 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.
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