Janney Montgomery Scott LLC Sells 27,109 Shares of Parametric Equity Premium Income ETF $PAPI

Janney Montgomery Scott LLC decreased its stake in shares of Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 37.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,047 shares of the company’s stock after selling 27,109 shares during the period. Janney Montgomery Scott LLC owned 0.34% of Parametric Equity Premium Income ETF worth $1,232,000 at the end of the most recent quarter.

Separately, von Borstel & Associates Inc. bought a new position in shares of Parametric Equity Premium Income ETF in the third quarter worth about $2,524,000.

Parametric Equity Premium Income ETF Stock Performance

Shares of NYSEARCA PAPI traded up $0.18 during trading on Friday, reaching $27.14. The company had a trading volume of 77,069 shares, compared to its average volume of 77,297. Parametric Equity Premium Income ETF has a 52 week low of $24.75 and a 52 week high of $28.53. The business’s 50 day moving average price is $26.63 and its 200-day moving average price is $27.02. The stock has a market cap of $412.53 million, a PE ratio of 15.71 and a beta of 0.23.

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. PAPI was launched on Oct 16, 2023 and is issued by Parametric.