LRI Investments LLC Raises Stock Position in Parametric Equity Premium Income ETF $PAPI

LRI Investments LLC raised its holdings in shares of Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 7.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 53,600 shares of the company’s stock after acquiring an additional 3,500 shares during the quarter. LRI Investments LLC’s holdings in Parametric Equity Premium Income ETF were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Janney Montgomery Scott LLC purchased a new position in shares of Parametric Equity Premium Income ETF during the 2nd quarter worth $665,000.

Parametric Equity Premium Income ETF Price Performance

Shares of Parametric Equity Premium Income ETF stock opened at $25.37 on Friday. The company’s fifty day simple moving average is $25.92 and its 200-day simple moving average is $25.61. The stock has a market capitalization of $248.63 million, a PE ratio of 15.71 and a beta of 0.41. Parametric Equity Premium Income ETF has a 1-year low of $23.32 and a 1-year high of $28.46.

About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation.