LRI Investments LLC Acquires Shares of 48,100 Parametric Equity Premium Income ETF (NYSEARCA:PAPI)

LRI Investments LLC acquired a new stake in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 48,100 shares of the company’s stock, valued at approximately $1,322,000.

Parametric Equity Premium Income ETF Stock Performance

PAPI stock opened at $27.45 on Monday. The stock’s 50 day moving average price is $27.48 and its 200 day moving average price is $26.86. The firm has a market cap of $30.20 million, a P/E ratio of 15.35 and a beta of 0.41. Parametric Equity Premium Income ETF has a 1 year low of $25.10 and a 1 year high of $28.46.

Parametric Equity Premium Income ETF Profile

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.