Parametric Equity Premium Income ETF (PAPI)
| Assets | $118.95M |
| Expense Ratio | 0.29% |
| PE Ratio | 17.92 |
| Shares Out | 4.45M |
| Dividend (ttm) | $1.85 |
| Dividend Yield | 6.91% |
| Ex-Dividend Date | Dec 23, 2024 |
| Payout Ratio | 123.84% |
| 1-Year Return | +5.44% |
| Volume | 50,834 |
| Open | 26.90 |
| Previous Close | 26.74 |
| Day's Range | 26.67 - 26.90 |
| 52-Week Low | 25.10 |
| 52-Week High | 28.46 |
| Beta | n/a |
| Holdings | 196 |
| Inception Date | Oct 16, 2023 |
About PAPI
Fund Home PageThe 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.
Top 10 Holdings
7.98% of assets| Name | Symbol | Weight |
|---|---|---|
| Msilf Government Port | n/a | 1.98% |
| Garmin Ltd. | GRMN | 0.71% |
| Whirlpool Corporation | WHR | 0.70% |
| DT Midstream, Inc. | DTM | 0.67% |
| Cal-Maine Foods, Inc. | CALM | 0.67% |
| Hewlett Packard Enterprise Company | HPE | 0.67% |
| Baker Hughes Company | BKR | 0.65% |
| Kinder Morgan, Inc. | KMI | 0.65% |
| Coterra Energy Inc. | CTRA | 0.64% |
| Emerson Electric Co. | EMR | 0.64% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.164 | n/a |
| Nov 29, 2024 | $0.154 | n/a |
| Oct 31, 2024 | $0.133 | Nov 6, 2024 |
| Sep 30, 2024 | $0.171 | Oct 4, 2024 |
| Aug 30, 2024 | $0.147 | Sep 6, 2024 |
| Jul 31, 2024 | $0.122 | Aug 6, 2024 |
News
Branch Out From Fixed Income With PAPI's Equity Yields
Even though the fixed income market seems to be in good shape, there's still a good use case for diversifying one's portfolio yield. For bond strategies, credit spreads remain a bit tight.
A Look Back at Morgan Stanley First 2 ETF Years
Approximately two years ago, just before an Exchange conference kicked off, one of the largest asset managers entered into the ETF market. Morgan Stanley Investment Management (MSIM), home to some of ...
PAPI: This ETF Can Work In Certain Markets
Parametric Equity Premium Income ETF provides investors with monthly distributions through an option writing strategy and a diversified portfolio. PAPI's approach differs from Eaton Vance's closed-end...
PAPI: A New Call Writing ETF
Parametric Equity Premium Income ETF is a new call-writing fund that aims to provide monthly distributions to its investors. The PAPI ETF has a lower expense ratio compared to the average ETF and is s...