Reported about 1 year ago
The REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) offers investors a high yield of over 20% through its strategy of owning large-cap tech stocks and writing covered calls against them to enhance income potential. Since its launch in October 2023, FEPI has been consistent in making monthly payouts, with a yield of 25.2% based on its most recent payout in May. While the fund's concentrated holdings in tech stocks pose risks, analysts give it a Moderate Buy consensus with a price target implying 8.7% upside potential, making it an attractive option for income investors.
Source: YAHOO