LRI Investments LLC Invests $1.32 Million in Parametric Equity Premium Income ETF (NYSEARCA:PAPI)

LRI Investments LLC purchased a new stake in shares of Parametric Equity Premium Income ETF (NYSEARCA:PAPI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,100 shares of the company’s stock, valued at approximately $1,322,000. LRI Investments LLC owned about 4.37% of Parametric Equity Premium Income ETF at the end of the most recent quarter.

Parametric Equity Premium Income ETF Trading Down 0.6 %

Shares of PAPI opened at $27.45 on Monday. The company 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 twelve month low of $25.10 and a twelve month high of $28.46. The company’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $26.86.

Parametric Equity Premium Income ETF Company 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.