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

Janney Montgomery Scott LLC reduced its position in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 37.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 45,047 shares of the company’s stock after selling 27,109 shares during the period. Janney Montgomery Scott LLC’s holdings in Parametric Equity Premium Income ETF were worth $1,232,000 at the end of the most recent reporting period.

Separately, Wayfinding Financial LLC boosted its holdings in Parametric Equity Premium Income ETF by 0.9% in the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after acquiring an additional 837 shares during the last quarter.

Parametric Equity Premium Income ETF Stock Up 0.7%

PAPI stock traded up $0.18 during midday trading on Friday, reaching $27.14. The stock had a trading volume of 77,069 shares, compared to its average volume of 77,297. The business has a fifty day simple moving average of $26.63 and a two-hundred day simple moving average of $27.02. The firm has a market cap of $412.53 million, a price-to-earnings ratio of 15.71 and a beta of 0.23. Parametric Equity Premium Income ETF has a twelve month low of $24.75 and a twelve month high of $28.53.

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.